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Zimbabwe : Challenges and Policy Options after Hyperinflation
International Monetary Fund - 2010
This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and … cons of alternative monetary regimes for Zimbabwe to succeed the current multicurrency system, which the authorities …. The paper also assesses competitiveness and external sustainability in debt-distressed Zimbabwe. It also makes a case for …
Persistent link: https://www.econbiz.de/10014401597
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Fiscal and Monetary Anchors for Price Stability : Evidence From Sub-Saharan Africa
International Monetary Fund - 2008
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks,...
Persistent link: https://www.econbiz.de/10014401393
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De Jure Versus De Facto Exchange Rate Regimes in Sub-Saharan Africa
International Monetary Fund - 2011
There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. Some target the money supply or the inflation rate; others practice ""managed floating."" Statistical analysis on monthly data for the past decade reveals that in most cases these exchange rate...
Persistent link: https://www.econbiz.de/10014398650