Contrasting Monetary Regimes in Africa:
In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuse...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/64 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuses on how the alternative institutional arrangements have influenced the performance of monetary policy under fiscal pressure, and concludes that, although the trend appears to be toward more flexible regimes, the transition to greater flexibility can exacerbate problems of credibility and of macroeconomic management |
Beschreibung: | 1 Online-Ressource (48 p) |
ISBN: | 1451848528 9781451848526 |
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spelling | Honohan, Patrick Verfasser aut Contrasting Monetary Regimes in Africa Honohan, Patrick Washington, D.C International Monetary Fund 1997 1 Online-Ressource (48 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/64 In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuses on how the alternative institutional arrangements have influenced the performance of monetary policy under fiscal pressure, and concludes that, although the trend appears to be toward more flexible regimes, the transition to greater flexibility can exacerbate problems of credibility and of macroeconomic management Online-Ausg O'Connell, Stephen A. Sonstige oth http://elibrary.imf.org/view/IMF001/01356-9781451848526/01356-9781451848526/01356-9781451848526.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Honohan, Patrick Contrasting Monetary Regimes in Africa |
title | Contrasting Monetary Regimes in Africa |
title_auth | Contrasting Monetary Regimes in Africa |
title_exact_search | Contrasting Monetary Regimes in Africa |
title_exact_search_txtP | Contrasting Monetary Regimes in Africa |
title_full | Contrasting Monetary Regimes in Africa Honohan, Patrick |
title_fullStr | Contrasting Monetary Regimes in Africa Honohan, Patrick |
title_full_unstemmed | Contrasting Monetary Regimes in Africa Honohan, Patrick |
title_short | Contrasting Monetary Regimes in Africa |
title_sort | contrasting monetary regimes in africa |
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