It takes the average reader 2 hours and 43 minutes to read De Jure Versus de Facto Exchange Rate Regimes in Sub-Saharan Africa by International Monetary Fund
Assuming a reading speed of 250 words per minute. Learn more
There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. Some target the money supply or the inflation rate; others practice "managed floating." Statistical analysis on monthly data for the past decade reveals that in most cases these exchange rate regimes can be approximated surprisingly well by a soft peg to a basket dominated by the US dollar. The weight on the dollar appears to have fallen somewhat across the continent in the aftermath of the global financial crisis. Replicating the model with weekly data for The Gambia suggests that the focus on the dollar might be even more pronounced at higher data frequencies. While there might be strong arguments in favor of limiting exchange rate volatility in SSA countries, soft-pegging to the dollar does not appear to be the best fit for them, given the currency structure of their external trade and finance. The paper concludes by discussing some policy options for SSA countries with flexible exchange rates, in the context of an illustrative recent country case.
De Jure Versus de Facto Exchange Rate Regimes in Sub-Saharan Africa by International Monetary Fund is 158 pages long, and a total of 40,764 words.
This makes it 53% the length of the average book. It also has 50% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 3 hours and 42 minutes to read De Jure Versus de Facto Exchange Rate Regimes in Sub-Saharan Africa aloud.
De Jure Versus de Facto Exchange Rate Regimes in Sub-Saharan Africa is suitable for students ages 10 and up.
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