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This paper simplifies and discusses our understanding of the exchange rate policy regime in South Sudan. After independence in 2011, South Sudan fixed the value of its currency, the South Sudan Pound (SSP), to the U.S. dollar. This is a common pract…
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This paper examines the primary cause of the exchange rate management failure in Nigeria by evaluating the motivating factor for these changes and reviewing the role of politics and interest group in the Nigerian exchange rate management. The find…
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This paper examines the developments in Ethiopia’s wheat markets, including the links between international and domestic prices for wheat, the implications of foreign exchange rationing (that effectively stopped private sector wheat imports), and th…
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This policy brief examines the primary cause of the exchange rate policy failure in Nigeria by evaluating the motivating factor for exchange rate regime changes in the country and reviewing the role of politics and interest groups in the Nigerian ex…
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Morocco has moved towards a more flexible exchange rate system, by widening its currency fluctuation bands to +/- 2.5% around a central price. This transition will, in time, equip the Moroccan economy with a macroeconomic instrument acting as a shoc…
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Morocco has moved towards a more flexible exchange rate system, by widening its currency fluctuation bands to +/- 2.5% around a central price. This transition will, in time, equip the Moroccan economy with a macroeconomic instrument acting as a shoc…
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The Sierra Leone economy is a net importer with a chronic negative balance of trade. Imports as a percentage of GDP averaged 40.8% between 2001 and 2010. Imports of food, mineral fuels and lubricants accounted for 50.8% of the total value of imports…
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In this paper, we sought to establish whether Africa’s volatile currencies drive equity risk premium. We use the stochastic discount factor (SDF) framework to estimate various conditional specifications of the International Capital Asset Pricing Mod…
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In the midst of an orderly transition of its exchange rate regime, under the benevolent authority of the International Monetary Fund (IMF), the Kingdom of Morocco is a very concrete example of the advantages and disadvantages of the two dominant exc…
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Understanding how domestic prices adjust to the exchange rate enables us to anticipate the effects on inflation and monetary policy responses. This study examines the extent of the exchange rate pass-through to the Consumer Price Index in Cameroon a…
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Zimbabwe has been plagued by currency problems. In June 2019 the government banned the multicurrency system and reintroduced the defunct Zimbabwean dollar. The move was intended to address the fast-deteriorating economic crisis and bring sanity to …
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"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 produ…
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This paper aims to re-examine the relationship between foreign aid and the real exchange rate, using the recent econometric methods developed for non stationary dynamic panels and an estimator that imposes a weaker homogeneity assumption on the slo…
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This document provides a brief update on several aspects of the Nigerian economy. An overview is given of Nigeria's merchandise trade toward the end of 2015. The trading of power resources, like oil and natural gas is discussed under the heading Ene…
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This document provides a brief update on several aspects of the Nigerian economy. The first article is about Foreign Trade - Recent data received from the National Bureau of Statistics (NBS) which shows that Nigeria’s Foreign Trade declined by 37.9…
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The Ugandan Shilling depreciated over the course of 2014/15 fiscal year, against the US dollar by over 20%. Uganda, like many other economies, was struggling with the falling value of its’ currency against the dollar which was attributed to the fall…
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"The purpose of this short paper is to answer the question by examining whether the Birr is misaligned or it is close to its equilibrium value as determined by macroeconomic fundamentals. To do so, the paper estimates what is called the fundamental …
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'Ghana has a long history of high inflation rates, popularly attributed to supply not keeping up with demand. However, Ghana's current single digit inflation can be attributed to a number of factors including the reduction in global inflation rate …
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"The objective of this paper is to assess the extent to which the Botswana exchange rate (the Pula) has been consistent with economic fundamentals. To do so an equilibrium exchange rate is estimated and compared against the values of the effective e…
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"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 Dec…
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