Exchange rate policy and the management of official and private capital flows in Africa

IMF Staff Papers

Volumn 51, Issue SPEC. ISS., 2004, Pages 126-160

  Buffie, Edward ^a   Adam, Christopher ^b   O'Connell, Stephen ^c,e   Pattillo, Catherine ^d,e  

^a INDIANA UNIVERSITY   (United States)

^b UNIVERSITY OF OXFORD   (United Kingdom)

^c Swartmore College   (United States)

^d INTERNATIONAL MONETARY FUND   (United States)

^e Ctr for the Study African Economies   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 4444247011     PISSN: 10207635     EISSN: None     Source Type: Book Series    
DOI: None     Document Type: Article

References (39)

1. Adam, C. S., 1999, "Financial Liberalization and Currency Demand in Zambia," Journal of African Economies, Vol. 8, No. 3, pp. 268-306.
2. Adam, C. S., and D. L. Bevan, 2001, "Fiscal Policy Design in Low Income Countries," WIDER Discussion Paper No. 167 (Helsinki: World Institute for Development Economics Research).
3. Adam, C. S., and D. L. Bevan, 2003, "Aid, Public Expenditure, and Dutch Disease," CSAE Working Paper 2003/02 (Oxford: Centre for the Study of African Economies, University of Oxford).
4. Agénor, P., and P. Montiel, 1999, Development Macroeconomics, second edition (Princeton: Princeton University Press).
5. Asea, P. K., and C. M. Reinhart, 1996, "Le Prix de l'Argent: How (Not) to Deal with Capital Inflows," Journal of African Economies, Vol. 5, No. 3, pp. 231-71.
6. Balino, T., A. Bennett, and E. Borensztein, 1999, Monetary Policy in Dollarized Economies, IMF Occasional Paper No. 171 (Washington: International Monetary Fund).
7. Bhindra, N., S. Griffiths-Jones, Jonathan Leape, and Matthew Martin, 1999, Private Capital Flows to Africa: Perception and Reality (The Hague: Fondad).
8. Blundell, R., 1988, "Consumer Behavior: Theory and Evidence-A Survey," Economic Journal, Vol. 98, pp. 16-65.
9. Blundell, R., P. Pashardes, and G. Weber, 1993, "What Do We Learn about Consumer Demand Patterns from Micro Data?" American Economic Review, Vol. 83, pp. 570-97.
10. Buffie, E., 1995, "Public Investment, Private Investment, and Inflation," Journal of Economic Dynamics and Control, Vol. 19, pp. 1223-47.
11. Buffie, E., 2003, "Tight Money, Interest Rates and Inflation in Sub-Saharan Africa," IMF Staff Papers, Vol. 50, No. 1, pp. 115-35.
12. Buffie, E., Christopher Adam, Stephen O'Connell, and Catherine Pattillo, 2004, "Exchange Rate Policy and the Management of Official and Private Capital Flows in America," IMF Working Paper (Washington: International Monetary Fund), forthcoming.
13. Bulíř, A., and A. J. Hamann, 2001, "How Volatile and Unpredictable Are Aid Flows and What Are the Policy Implications?" IMF Working Paper 01/167 (Washington: International Monetary Fund).
14. Calvo, G., 1983, "Staggered Prices in a Utility-Maximizing Framework," Journal of Monetary Economics, Vol. 12, No. 3, pp. 983-98.
15. Calvo, G., L. Leiderman, and C. Reinhart, 1994, "The Capital Inflows Problem: Concepts and Issues," Contemporary Economic Policy, Vol. 12, pp. 54-66.
16. Calvo, G., and C. Reinhart, 2000a, "Fear of Floating," Quarterly Journal of Economics, Vol. 117, No. 2, pp. 379-408.
17. Calvo, G., 2000b, "Fixing for Your Life," NBER Working Paper No. 8006 (Cambridge, Massachusetts: National Bureau of Economic Research ).
18. Calvo, G., and C. Végh, 1995, "Targeting the Real-Exchange Rate: Theory and Evidence," Journal of Development Economics, Vol. 47, pp. 97-133.
19. Calvo, G., and C. Végh, 1993, "Exchange-Rate-Based Stabilization under Imperfect Credibility," in Open Economy Macroeconomics, edited by H. Frisch and A. Worgotter (New York: St. Martin's Press).
20. Collier, P., A. Hoeffler, and C. Pattillo, 2002, "Africa's Exodus: Capital Flight and the Brain Drain As Portfolio Decisions" (unpublished; Oxford: University of Oxford).
21. Deaton, A., and D. Muellbauer, 1980, Economics and Consumer Behavior (New York:'Cambridge University Press).
22. Fedderke, J-W., and W. Liu, 2002, "Modelling the Determinants of Capital Flows and Capital Flight: With an Application to South African Data from 1960-1995," Economic Modelling, Vol. 19, No. 3, pp. 419-44.
23. Fielding, D., 1994, "Money Demand in Four African Countries," Journal of Economic Studies, Vol. 21, pp. 3-37.
24. Giovannini, A., and B. Turtleboom, 1994, "Currency Substitution," in Handbook of International Macroeconomics, edited by F. van der Ploeg (Cambridge, Massachusetts: Blackwell).
25. Gupta, S., B. J. Clements, E. Baldacci, and C. Mulas-Granados, 2002, "Expenditure Composition, Fiscal Adjustment and Growth in Low-Income Countries," IMF Working Paper 02/77 (Washington: International Monetary Fund).
26. Henstridge, N. M., 1999, "De-Monetisation, Inflation, and Coffee: The Demand for Money in Uganda," Journal of African Economies, Vol. 8, No. 3, pp. 345-85.
27. Honohan, P., and S. O'Connell, 1997, "Contrasting Monetary Regimes in Africa," IMF Working Paper 97/64 (Washington: International Monetary Fund).
28. Kamin, S., and N. Ericsson, 1993, "Dollarization in Argentina," International Finance Discussion Paper No. 460 (Washington: Board of Governors of the Federal Reserve System).
29. Leape, J., 1999, "Reality: The Impact of Capital Flows and Policy Responses," in Private Capital Flows to Africa: Perception and Reality, edited by N. Bhindra and others (The Hague: Fondad).
30. Lluch, C., A. Powell, and R. Williams, 1977, Patterns in Household Demand and Saving (London: Oxford University Press).
31. Marquez, J., 1987, "Money Demand in Open Economies," Journal of International Money and Finance, Vol. 6, pp. 167-78.
32. Nachega, J-C., 2001, "Financial Liberalization, Money Demand, and Inflation in Uganda," IMF Working Paper 01/118 (Washington: International Monetary Fund).
33. Novales, A., and others, 1999, "Solving Nonlinear Rational Expectations Models by Eigenvalue-Eigenvector Decompositions," in Computational Methods for the Study of Dynamic Economies, edited by R. Marimon and A. Scott (New York: Oxford University Press).
34. Ogaki, M., J. Ostry, and C. Reinhart, 1996, "Saving Behavior in Low- and Middle-Income Developing Countries," IMF Staff Papers, Vol. 43, No. 1, pp. 38-71.
35. Prati, A., R. Sahay, and T. Tressel, 2003, "Is There a Case for Sterilizing Foreign Aid Inflows?" (unpublished; Washington: International Monetary Fund).
36. Ramirez-Rojas, C., 1985, "Currency Substitution in Argentina, Mexico, and Uruguay," IMF Staff Papers, Vol. 32, No. 4, pp. 629-67.
37. Savastano, M., 1996, "Dollarization in Latin America: Recent Evidence and Policy Issues," in The Macroeconomics of International Currencies, edited by P. Mizen and E. Pentecost (Brookfield, Vermont: Edward Elgar).
38. Schadler, S., M. Carcovic, A. Bennet, and R. Kahn, 1993, Recent Experiences with Surges in Capital Inflows, IMF Occasional Paper No. 108 (Washington: International Monetary Fund).
39. Svensson, L., 2000, "Open-Economy Inflation Targeting," Journal of International Economics, Vol. 50, pp. 155-83.