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A typology of foreign exchange auction markets in sub-Saharan Africa : dynamic models for auction exchange rates (English)

In this analytical sequel to "A Typology of Foreign Exchange Auction Markets in sub-Saharan Africa", the authors compare the micromanagement of different foreign exchange auctions in sub-Saharan Africa. Multi-unit auctions for foreign exchange were introduced in a number of countries in the 1980s and 1990s, in a transitional step toward a credible, sustainable, unified regime, such as efficient interbank market. But there is little understanding of...
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ARON, JANINE; Elbadawi, Ibrahim Ahmed.

A typology of foreign exchange auction markets in sub-Saharan Africa : dynamic models for auction exchange rates (English). Policy Research working paper ; no. WPS 1396 Washington DC ; World Bank. http://documents.worldbank.org/curated/en/236801468119935741

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