Exchange rate regimes and revenue performance in sub-Saharan Africa
It has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in sub-Saharan Africa to estimate...
| Main Authors: | , |
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| Format: | Working paper |
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University of Oxford
2000
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| _version_ | 1797103157868756992 |
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| author | Adam, C Bevan, D |
| author_facet | Adam, C Bevan, D |
| author_sort | Adam, C |
| collection | OXFORD |
| description | It has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in sub-Saharan Africa to estimate revenue performance over the period from 1980 to 1996. It finds that the poor cumulative relative revenue performance of the franc zone countries is mainly attributable to differences in environmental and structural factors, and that different responses to changes in the equilibrium real exchange rate, but that the misalignment of the real exchange rate also played a part. |
| first_indexed | 2024-03-07T06:16:06Z |
| format | Working paper |
| id | oxford-uuid:f120abfe-b0ce-4772-9407-c321657c9cb6 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T06:16:06Z |
| publishDate | 2000 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:f120abfe-b0ce-4772-9407-c321657c9cb62022-03-27T11:53:38ZExchange rate regimes and revenue performance in sub-Saharan AfricaWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:f120abfe-b0ce-4772-9407-c321657c9cb6Symplectic ElementsBulk import via SwordUniversity of Oxford2000Adam, CBevan, DIt has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in sub-Saharan Africa to estimate revenue performance over the period from 1980 to 1996. It finds that the poor cumulative relative revenue performance of the franc zone countries is mainly attributable to differences in environmental and structural factors, and that different responses to changes in the equilibrium real exchange rate, but that the misalignment of the real exchange rate also played a part. |
| spellingShingle | Adam, C Bevan, D Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title | Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title_full | Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title_fullStr | Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title_full_unstemmed | Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title_short | Exchange rate regimes and revenue performance in sub-Saharan Africa |
| title_sort | exchange rate regimes and revenue performance in sub saharan africa |
| work_keys_str_mv | AT adamc exchangerateregimesandrevenueperformanceinsubsaharanafrica AT bevand exchangerateregimesandrevenueperformanceinsubsaharanafrica |