Riding the wave: monetary responses to aid surges in low-income countries

Riding the wave: monetary responses to aid surges in low-income countries

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We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can produce dr...

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Dettagli Bibliografici
Autori principali:	Buffie, E, Adam, C, O'Connell, S, Pattillo, C
Natura:	Working paper
Lingua:	English
Pubblicazione:	2006
Soggetti:	Economics Development economics Macro and international economics Africa

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