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019 ▼a 808030749 ▼a 813209559 ▼a 961541273 ▼a 962598408 ▼a 966094495 ▼a 988450572 ▼a 991996102
020 ▼a 1475586477 ▼q (electronic bk.)
020 ▼a 9781475586473 ▼q (electronic bk.)
020 ▼z 9781475505580
020 ▼z 9781475558265
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1001 ▼a Thomas, Alun H. ▼q (Alun Huw), ▼e author.
24510 ▼a Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters/ ▼c prepared by Alun Thomas.
260 ▼a [Place of publication not identified]: ▼b International Monetary Fund, ▼c 2012.
300 ▼a 1 online resource: ▼b illustrations.
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
347 ▼a data file ▼2 rda
4901 ▼a IMF working paper; ▼v WP/12/208
504 ▼a Includes bibliographical references.
520 ▼a The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements.
590 ▼a eBooks on EBSCOhost ▼b All EBSCO eBooks
650 0 ▼a Foreign exchange rates ▼z Africa, Sub-Saharan.
650 0 ▼a Interest rates ▼z Africa, Sub-Saharan.
650 7 ▼a BUSINESS & ECONOMICS ▼x Finance. ▼2 bisacsh
650 7 ▼a Foreign exchange rates. ▼2 fast ▼0 (OCoLC)fst00931816
650 7 ▼a Interest rates. ▼2 fast ▼0 (OCoLC)fst00976178
651 7 ▼a Africa, Sub-Saharan. ▼2 fast ▼0 (OCoLC)fst01239520
655 4 ▼a Electronic books.
7102 ▼a International Monetary Fund. ▼b African Department.
830 0 ▼a IMF working paper ; ▼v WP/12/208.
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