IDEAS home Printed from https://ideas.repec.org/a/ags/eeaeje/252969.html
   My bibliography  Save this article

Exchange rate Policies and economic Performance in Sub-Saharan Africa

Author

Listed:
  • Mulat, Demeke

Abstract

A reform program me known as the structural adjustment program me (SAP) was introduced in the 1980s in over 30 sub-Saharan African (SSA) countries with poor growth performance and severe macroeconomic disequilibria. At the center of this program me is the exchange rate adjustment aimed at moving economic growth and stabilization by enhancing the incentives to produce traceable, particularly agricultural traceable. An examination of data from a sample of 30 SSA countries reveals that the outcome of currency depreciation has not been encouraging. Its impact on output and export was at best insignificant. It has also triggered a high rate of inflation. Current account balance was positively influenced by devaluation but this was largely due to import compression, rather than export expansion. A positive response may have been constrained by structural bottlenecks such as limited technological and administrative capacity, inadequate infrastructure, rising cost of inputs and imperfect markets.

Suggested Citation

  • Mulat, Demeke, 1992. "Exchange rate Policies and economic Performance in Sub-Saharan Africa," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 1(2), pages 1-85.
    • Handle: RePEc:ags:eeaeje:252969
    DOI: 10.22004/ag.econ.252969
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/252969/files/Mulat%20Demeke_Exchange%20rate%20Policies%20and%20economic%20Performance%20in%20SubSaharan%20Africa.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.252969?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Derrese Degefa, 2001. "The parallel foreign exchange market and macroeconomic performance in Ethiopia," Working Papers 107, African Economic Research Consortium, Research Department.

    More about this item

    Keywords

    Financial Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eeaeje:252969. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa2ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.