Choice of exchange rate regime in a selection of African countries
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Date
Authors
Jordaan, Andre Cillie
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge
Abstract
An exchange rate regime has an important impact on macroeconomic policies within
developing countries and therefore essential in macroeconomic policy formation. The main
research question is to determine how the variety of determinants would influence the
exchange rate regime choice for a selection of 19 African developing countries. A distinction
is made between three groups of variables, namely economic fundamentals, economic
stabilisation aspects and currency crises factors, all affecting a country’s exchange regime
choice. The probability of these determinants is then estimated to establish whether the
selected countries would choose a fixed, an intermediate or a flexible exchange regime.
Description
Keywords
Exchange rate regime, African countries, Macroeconomic policy formation, Developing countries
Sustainable Development Goals
Citation
Andr
é
C. Jordaan (2015) Choice of Exchange Rate Regime in
a Selection of African Countries, Journal of African Business, 16:3, 215-234, DOI:
10.1080/15228916.2015.1075645.