Odedokun, M. O. - In: The Journal of International Trade & Economic Development 6 (1997) 1, pp. 63-82
The study employs annual data over 1970-90, pooled across 38 African countries, to examine the effects of a wide range of macroeconomic policies, devaluation and fundamentals on real exchange rate behaviour. Our findings suggest that the following appreciate real exchange rate: fiscal deficits;...