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Determination Of Real Exchange Rate Misalignment For Ghana

"The paper determines real exchange rate misalignment for Ghana for the period 1980 - 2010. It finds that the equilibrium real exchange rate is influenced to a significant extent by "fundamental" or "real" factors - represented in the study by pro...

Trade, Industrial Policy and Exchange Rates in South Africa

"South Africa’s trade, industrial and exchange rate policies have been the subject of substantial public debate in recent months, not least owing to the impact of the 2008–10 global financial crisis. On the trade and industrial policy fronts a sub...

Policy Modelling in Agriculture: Testing the Response of Agriculture to Adjustment Policies in Nigeria

"This study achieves two objectives. First, it specifies, estimates and solves a basic agricultural policy model that could be used to evaluate the effects of policies targeting the agricultural sector such as the adjustment programme. The model...

Price and Exchange Rate Dynamics in Kenya: An Empirical Investigation, (1970-1993)

"This paper investigates the relationship between domestic and foreign price levels and the exchange rate and other macro-variables. In the first part, the real exchange rate is estimated as a cointegrating vector that spans the variables in a pur...

Determinants of Non-Mining Private Investment in Botswana

"The paper seeks to identify factors influencing and determinants of non-mining private investment in Botswana. It presents various studies conducted in other countries with modified assumptions to suit Botswana economy. It makes policy recommenda...

Exchange Rate, Inflation and Competitive Power: An Analysis of the Relationship between Botswana's Exchange and Inflation Rates, and its Implication for the Competitive Strength of her Producers

"The present paper has grown out of two separate issues. These are, on the one hand, the specific preparations for a forthcoming reconstruction of the Macro Economic Model for Botswana (MEMBOT), and on the other, the general debate about Botswana'...

The Real Exchange Rate and Ghana's Agricultural Exports

"This study examines the effects of the real exchange rate of the cedi on agricultural price incentives and agricultural exports in Ghana. It is divided into six sections. The problem which motivated this study, the study's objectives and relevanc...

The Role of Exchange Rate and Monetary Policy in the Monetary Approach to the Balance of Payments: Evidence from Malawi

"This study has attempted to examine the relevance of the monetary approach to the balance of payments (MABP) using Malawi as a case study. Of particular interest is the overall balance of payments effects of the exchange rate, relative prices a...

Uganda's Equilibrium Real Exchange Rate and its Implications for Non-Traditional Export Performance

"Pursuit of an exchange rate policy that promotes the competitiveness of exports would be greatly facilitated if the policy maker were able to establish the level of misalignment of the exchange rate and thereby try to correct for it. The motivat...

Exchange Rate Depreciation and the Structure of Sectoral Prices in Nigeria under an Alternative Pricing Regime, 1986—89

"In this study, the impact of exchange rate depreciation witnessed in Nigeria between 1986 and 1989 on the structure of sectoral prices under alternative pricing regimes was investigated. To this end, a model useful in simulating these impacts was...

Exchange Rate Policy and Economic Reform in Ethiopia

"This paper summarizes the macroeconomic consequences of an over-valued currency. It describes the extent of foreign exchange misalignment in Ethiopia and its impact on the foreign exchange rate and the premium obtained through commodity smuggling...

Exchange Rate Regimes and Inflation in Tanzania

"The study examines the influence of the major determinants of inflation with a particular focus on the role of exchange rate policy changes. The gradual change in policy orientation from “controls” to “market” in Tanzania is associated with a cha...

Exchange Rate Volatility and Non-Traditional Exports Performance:Zambia, 1965–1999

"This study estimated an error correction model of the impact of real effective exchange rate volatility on the performance of non-traditional exports for Zambia between 1965 and 1999. Using a generalized autoregressive conditional hetero-scedasti...

External Aid Inflows and the Real Exchange Rate in Ghana

"This paper develops an empirical model for Ghana’s real exchange rate with special focus on foreign aid. The novelty of this study is the interfacing of exports with a policy environment, using aid as proxy, to see how it affects export performa...

Macroeconomic Policy and Trade Integration in Southern Africa

"Macroeconomic policy convergence may not be strictly necessary for countries within a regional trading arrangement to trade with each other using their existing economic capacity. The argument of this paper is that macro convergence around low ra...

A Statistical Analysis of Foreign Exchange Rate Behaviour in Nigeria's Auction

"In the attempt to explain some of the possible causes of the instability, particularly in the principal currency, our study looked at the macroeconomic policy characteristics of all six phases of the auction system between September 26 1986 and D...

Exchange Rates and Export Competitiveness Prepared for the World Bank Study on Export Diversification in Botswana

"The objective of the report is to provide an assessment of the role of the exchange rate in determining export competitiveness, as part of the broader Botswana Export Diversification Study. The report comprises three main sections: (i) Real and...

OSSREA Bulletin Vol 7 No 3

In this bulletin several workshops held by OSSREA were discussed as well as the launching of NBRP books as well as a strategic plan for 2011-2015. Featured articles included : Is the Adoption of Multicurrency System a Panacea to Urban Dwellers’ So...

Assessing Export Supply Constraints: Methodology, Data, Measurement

"This paper develops a research framework to assess the constraints to export supply in low-income countries in sub-Saharan Africa. It begins with a review of theory and evidence on export development in low- income countries in section 2. It then...

Current Global Crisis and Macroeconomic Implications of AID-financed Public Investments: Evidence from Tanzania

"In this paper we discuss the macroeconomic implications of variations in AID inflows for Tanzania using an economy-wide dynamic CGE model. The major conclusions coming out from this work is that productivity effects matter. If additional aid and ...

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