Until the early 1980s, foreign exchange rate controls were the dominant policy in Ghana, Nigeria and Uganda. However, because of the huge fiscal deficits and expansionary monetary policies, coupled with chronic terms of trade shocks and policy error/inadequacies, the foreign exchange rates is...

The study documented agricultural policies through the period 1970-1993; implementation deviation for ten agricultural policy variables, eight of which are fiscal and two monetary; and identified discontinuities in agricultural policies. In addition, it computed volatility measures for ten...

The paper assesses whether the exchange rate is affected by monetary policy and whether these effects are permanent or transitory. The paper takes the position that the exchange rate regime determines the flexibility of monetary policy.