Title Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters / prepared by Alun Thomas.

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Description	1 online resource : illustrations.
	text file
Series	IMF working paper ; WP/12/208
	IMF working paper ; WP/12/208.
Bibliography	Includes bibliographical references.
Summary	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.
Local Note	eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject	Foreign exchange rates -- Africa, Sub-Saharan.
	Foreign exchange rates.
	Sub-Saharan Africa.
	Interest rates -- Africa, Sub-Saharan.
	Interest rates.
Genre/Form	Electronic books.
Added Author	International Monetary Fund. African Department.
ISBN	1475586477 electronic book
	9781475586473 electronic book