This paper analyses the rationale of interventions in foreign exchange markets in Sub-Saharan Africa and reviews exchange rate theory and balance of payments management and its application to African countries. It analyses the liberalization of foreign exchange markets and the impact of these markets on real exchange rates and parallel market premiums.
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Paper provided by World Institute for Development Economics Research in its series Research Paper with number
35.
Length: 60 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:wodeec:35
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