Choice of exchange rate regime in a selection of African countries

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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.

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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.