Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

Maehle, Nils; Teferra, Haimanot; Khachatryan, Armine

doi:10.5089/9781557756695.001

Cited by 9 publications

(9 citation statements)

References 17 publications

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“…In Kenya the implementation dates of the above variables were in the 1990s [26]. There is evidence that the Kenyan market had an upsurge in activity since 1993 due to economicreform, privatization, and relaxation of restrictions on foreign investors and of exchangecontrols [27].…”

Section: Automation and Stock Market Price Volatilitymentioning

confidence: 99%

The Effect of Automation on Stock Market Price Volatility: A Case of Nairobi Securities Exchange

Omuchesi¹,

Bosire²

2014

IOSRJEF

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Section: Automation and Stock Market Price Volatilitymentioning

confidence: 99%

The Effect of Automation on Stock Market Price Volatility: A Case of Nairobi Securities Exchange

Omuchesi¹,

Bosire²

2014

IOSRJEF

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“…The extent of overvaluation of the official exchange rate varied from one country to the other. In Uganda, the official exchange rate was set such that the parallel currency premium, JEL classification -E31, F14, O11 IJDI 17,2 one of the proxies for overvalued exchange rates, averaged between 800 and 900 per cent during 1979-1980 and peaked at a whopping 2,100 per cent in May 1981 (Maehle et al, 2013) [1]. Uganda allowed its currency to devalue/depreciate in the 1980s at an average rate of 169 per cent per year.…”

Section: Introductionmentioning

confidence: 99%

The dynamics of inflation, exchange rates and the trade balance in a small economy

Yiheyis

Musila

2018

IJDI

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Purpose The purpose of this study is to examine the temporal relationships between inflation and exchange rate changes and their implications for the trade balance in Uganda, which saw persistent trade deficits, rising inflation and disinflation episodes, as well as significant exchange-rate realignments and other liberalization measures over the sample period considered. Design/methodology/approach The short-run dynamics of the variables in question and the pattern of their long-run relationships are examined applying the bounds testing approach to cointegration on quarterly data. Findings The estimates suggest that, in the long run, a real depreciation leads to an increase in inflation; and that both real depreciation and inflation exert no significant effect on the trade balance. The estimated short-run dynamics suggest a causal relationship between the trade balance and the real exchange rate and between the real exchange rate and inflation, which is also found responsive to developments in the foreign sector. Taken together, the short-run and long-run multipliers seem to provide a weak support for the J-curve effect, while no evidence is found for the presence of the S-curve effect. Originality/value The study sheds light on the relationship among real exchange rate, inflation and the trade balance in the context of a small developing economy; it highlights that an improvement in the trade balance requires more than an appropriate exchange rate policy and underscores the importance of other policies in strengthening the external sector of the economy.

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“…This has been influenced by many factors, but the trade deficit, which is accompanied by higher import than export hold the great portion. The government has been devaluating the currency since 1986, at that time aimed at allowing the protected sectors to acclimatize to market impetus since TSH have been manipulated much by market demand and supply (Maehle et al, 2013). But also the policies that govern the exchange rate system is not well implemented, as there are mushrooming of exchange rate centre's and black market for foreign exchange (Morris, 1993), which in my understanding become difficult for the government to control so as to have a uniform exchange rate.…”

Section: Strengthening the Currency And Controllingmentioning

confidence: 99%

Tanzania in the Face of International Trade: The Analysis of Revealed Comparative Advantage from 2009 to 2012

Mwasha¹,

Kweka²

2014

IJBER

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Abstract:Tanzania is the most promising current and the destination market for the world trade due to its copious resources and strategic location. It is well known in the region as the trade hub as it provides the influential and suitable trade solutions and investments. The aspiration of this paper is to analyse the Revealed Comparative Advantage (RCA) for the topmost export sectors and commodities in Tanzania from 2009 to 2012 by inspecting and evaluating its potency and competence in the world market compared to exports from other countries. Balassa's index of Comparative advantage (RCA) was utilized to demonstrate the competitive sectors and commodities comparative advantage together with export data from UN com-trade and International Trade Centre (ITC). The outcomes show that Tanzania has significantly strong comparative advantages in sectors of traditional cash crops such as coffee, tea and spices and commodities found in mineral resources as the leading export sector and commodities for the period of four years with RCA greater than one. However, many sectors demonstrated lower RCA compared to individual commodities and the export products have been waning every year, the situation that needs the government to initiate the immediate measures to overcome such problem.

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Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

Cited by 9 publications

References 17 publications

The Effect of Automation on Stock Market Price Volatility: A Case of Nairobi Securities Exchange

The Effect of Automation on Stock Market Price Volatility: A Case of Nairobi Securities Exchange

The dynamics of inflation, exchange rates and the trade balance in a small economy

Tanzania in the Face of International Trade: The Analysis of Revealed Comparative Advantage from 2009 to 2012

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