Author: Kombe Oswald MungulePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
Book Description
The Determinants of the Real Exchange Rate in Zambia
Author: Kombe Oswald MungulePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
Book Description
Exchange Rate Misalignment in Developing Countries
Author: Sebastian EdwardsPublisher: Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
Book Description
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies
Author: Mr.Jerome L. SteinPublisher: International Monetary Fund
ISBN: 1451955146
Category : Business & Economics
Languages : en
Pages : 46
Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Foreign Aid, Debt, and Growth in Zambia
Author: Per-Åke AnderssonPublisher: Nordic Africa Institute
ISBN: 9789171064622
Category : Business & Economics
Languages : en
Pages : 144
Book Description
A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.
Agricultural policy reforms and regional market integration in Malawi, Zambia, and Zimbabwe
Author: Alberto ValdésPublisher: Intl Food Policy Res Inst
ISBN: 0896293270
Category : Business & Economics
Languages : en
Pages : 368
Book Description
General policy environment; Current status of and reform proposals for agriculture; Effects of domestic policy reforms on food security; Potential for intraregional trade.
Exchange Rate Volatility and Trade Flows--Some New Evidence
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1498330282
Category : Business & Economics
Languages : en
Pages : 132
Book Description
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Economic Growth in Latin America and the Caribbean
Author: Norman LoayzaPublisher: World Bank Publications
ISBN: 0821360914
Category : Business & Economics
Languages : en
Pages : 169
Book Description
Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.
Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons
Author: Mr.Nils Øyvind MæhlePublisher: International Monetary Fund
ISBN: 1557756694
Category : Business & Economics
Languages : en
Pages : 71
Book Description
Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply.
Zambia
Author: International Monetary Fund. African Dept.Publisher: International Monetary Fund
ISBN: 1484325346
Category : Business & Economics
Languages : en
Pages : 94
Book Description
This 2017 Article IV Consultation highlights the improved near-term outlook for the Zambian economy in recent months, driven by good rains and the rising world copper price. The economy was in near-crisis conditions from the fourth quarter of 2015 through most of 2016, reflecting the impact of exogenous shocks and lax fiscal policy in the lead-up to general elections. The medium-term outlook for the economy is contingent on policies. Achieving sustained high and inclusive growth requires a stable macroeconomic environment as well as policies and reforms to increase productivity, enhance competitiveness, strengthen human capital and support financial inclusion for small and medium-scale enterprises.
Zambia
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1513509888
Category : Business & Economics
Languages : en
Pages : 107
Book Description
This 2019 Article IV Consultation with Zambia highlights that the development strategy has targeted a rapid scale-up of public investment to address infrastructure needs. Recent efforts to adjust the fiscal stance have delivered some improvement in revenues; however, deficits have continued to rise following faster-than-budgeted execution of foreign-financed capital spending. With the anticipated growth dividend yet to materialize, the debt burden has risen sharply, resulting in currency weakness and rising local borrowing costs that have further pushed up the interest bill. A large, frontloaded, and sustained fiscal effort is needed to bring debt down to safer levels. This should include a moratorium on contracting new external non-concessional borrowing, steps to raise revenues, halt the build-up of domestic expenditure arrears, and to better prioritize public investment projects. Decisive steps forward to build confidence and deliver meaningful fiscal adjustment will be essential. Appropriately tight monetary policy also has a role to play in securing stability. Reserves should be replenished over the medium term. Steady attention to the business environment is also needed to support private investment going forward.