Floating Exchange Rates in Africa

The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market participants. After a review of exchange rate developments under the regimes, some rel...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 1988 
300 |a 58 pages 
651 4 |a Sierra Leone 
653 |a Exchange rate arrangements 
653 |a Finance 
653 |a Currency; Foreign exchange 
653 |a Floating exchange rates 
653 |a International Financial Markets 
653 |a Currency markets 
653 |a Foreign Exchange 
653 |a Financial markets 
653 |a Foreign exchange market 
653 |a Exchange rates 
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520 |a The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market participants. After a review of exchange rate developments under the regimes, some related concerns with respect to urban income and employment, resource allocation, and short-term instability are analyzed. In the light of this analysis, the paper suggests some policy recommendations aimed at ensuring the success of the floating regimes