Exchange reform, parallel markets, and inflation in Africa : the case of Ghana (English)

This paper presents a theoretical framework to analyze the issue of exchange rate reform in the presence of parallel markets. In Ghana, which has carried out one of the most thorough structural adjustment programs in Africa, an increasingly high inflation rate has been attributed to major devaluations of the official exchange rate. The authors dispute this conclusion based on careful testing and simulations using a macroeconomic model estimated with...

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Author

Chhibber,Ajay;

Shafik,Nemat Talaat;
Document Date
1990/05/31
Document Type
Policy Research Working Paper
Report Number
WPS427
Volume No
1
Total Volume(s)
1
Country
Ghana,
Region
Western and Central Africa,
Disclosure Date
2010/07/01
Doc Name
Exchange reform, parallel markets, and inflation in Africa : the case of Ghana
Keywords
inflation

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Citation

Chhibber,Ajay; Shafik,Nemat Talaat.

Exchange reform, parallel markets, and inflation in Africa : the case of Ghana (English). Policy, Research, and External Affairs working paper ; no. WPS 427 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/708531468771066707

Exchange reform, parallel markets, and inflation in Africa : the case of Ghana (English)

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