Bahmani-Oskooee, Mohsen; Gelan, Abera - In: Global Economic Review 42 (2013) 1, pp. 1-14
As far as the impact of devaluation on domestic production is concerned, African countries have not received much attention in the literature. One study that used panel data arrived at a general conclusion that devaluations are contractionary in Africa. In this paper, we consider the experience...