Macroeconomic Fluctuations in Sub-Saharan Africa:
The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc...
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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. 97/82 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc countries. This result does not appear to be associated with differences in the economic structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non-CFA franc countries are similar to those in other developing countries, particularly in Latin America |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451954743 9781451954746 |
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spelling | Hoffmaister, Alexander W. Verfasser aut Macroeconomic Fluctuations in Sub-Saharan Africa Hoffmaister, Alexander W Washington, D.C International Monetary Fund 1997 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/82 The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc countries. This result does not appear to be associated with differences in the economic structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non-CFA franc countries are similar to those in other developing countries, particularly in Latin America Online-Ausg http://elibrary.imf.org/view/IMF001/04384-9781451954746/04384-9781451954746/04384-9781451954746.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hoffmaister, Alexander W. Macroeconomic Fluctuations in Sub-Saharan Africa |
title | Macroeconomic Fluctuations in Sub-Saharan Africa |
title_auth | Macroeconomic Fluctuations in Sub-Saharan Africa |
title_exact_search | Macroeconomic Fluctuations in Sub-Saharan Africa |
title_exact_search_txtP | Macroeconomic Fluctuations in Sub-Saharan Africa |
title_full | Macroeconomic Fluctuations in Sub-Saharan Africa Hoffmaister, Alexander W |
title_fullStr | Macroeconomic Fluctuations in Sub-Saharan Africa Hoffmaister, Alexander W |
title_full_unstemmed | Macroeconomic Fluctuations in Sub-Saharan Africa Hoffmaister, Alexander W |
title_short | Macroeconomic Fluctuations in Sub-Saharan Africa |
title_sort | macroeconomic fluctuations in sub saharan africa |
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