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Trade, exchange rate, and growth in sub-Saharan Africa /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Trade, exchange rate, and growth in sub-Saharan Africa // Jean-Paul Azam.
remainder title:	Trade, Exchange Rate, & Growth in Sub-Saharan Africa
Author:	Azam, Jean-Paul,
Description:	1 online resource (xvii, 261 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Foreign exchange - Africa, Sub-Saharan. -
Subject:	Africa, Sub-Saharan - Politics and government. -
Online resource:	https://doi.org/10.1017/CBO9780511618338
ISBN:	9780511618338 (ebook)

Trade, exchange rate, and growth in sub-Saharan Africa /
Azam, Jean-Paul,

Trade, exchange rate, and growth in sub-Saharan Africa /Trade, Exchange Rate, & Growth in Sub-Saharan AfricaJean-Paul Azam. - 1 online resource (xvii, 261 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Introduction and overview -- pt. I. Unrecorded trade in goods and currencies -- The welfare implications of unrecorded cross-border trade -- Parallel trade and currency convertibility -- pt. II. Foreign exchange constraints -- Dollars for sale : inflation and the black market premium -- The public debt constraint in the CFA zone -- Currency crises, food, and the "Cola nut" effect -- pt. III. Longer-term growth in African countries -- Exchange rate, growth, and poverty -- Export crops, human capital, and endogenous growth -- Ethnic rents and the politics of redistribution.

In this sophisticated yet accessible analysis of the open economies of Sub-Saharan Africa, Jean-Paul Azam analyses international trade, exchange rate issues, and longer-term growth, taking due account of the distinctive features of African economies. In particular, he examines the informal as well as the formal institutional frameworks which prevail in different African countries and which affect their macroeconomic behaviour. Key issues explored include tariffs and quotas, membership of the CFA Zone, and currency convertibility or inconvertibility, as well as smuggling, corruption, parallel markets in goods and currencies, ethnic diversity and redistribution. Case studies of important macroeconomic events are used to establish basic stylized facts from which the theory emerges, and special attention is paid to the consequences of macroeconomic events for the poor, via the food market or traditional redistribution mechanisms.

ISBN: 9780511618338 (ebook)Subjects--Topical Terms:

1442781
Foreign exchange
--Africa, Sub-Saharan.Subjects--Geographical Terms:

801850
Africa, Sub-Saharan
--Politics and government.

LC Class. No.: HF1611 / .A97 2007

Dewey Class. No.: 382/.30967

Trade, exchange rate, and growth in sub-Saharan Africa /
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 $a Introduction and overview -- pt. I. Unrecorded trade in goods and currencies -- The welfare implications of unrecorded cross-border trade -- Parallel trade and currency convertibility -- pt. II. Foreign exchange constraints -- Dollars for sale : inflation and the black market premium -- The public debt constraint in the CFA zone -- Currency crises, food, and the "Cola nut" effect -- pt. III. Longer-term growth in African countries -- Exchange rate, growth, and poverty -- Export crops, human capital, and endogenous growth -- Ethnic rents and the politics of redistribution.
520 $a In this sophisticated yet accessible analysis of the open economies of Sub-Saharan Africa, Jean-Paul Azam analyses international trade, exchange rate issues, and longer-term growth, taking due account of the distinctive features of African economies. In particular, he examines the informal as well as the formal institutional frameworks which prevail in different African countries and which affect their macroeconomic behaviour. Key issues explored include tariffs and quotas, membership of the CFA Zone, and currency convertibility or inconvertibility, as well as smuggling, corruption, parallel markets in goods and currencies, ethnic diversity and redistribution. Case studies of important macroeconomic events are used to establish basic stylized facts from which the theory emerges, and special attention is paid to the consequences of macroeconomic events for the poor, via the food market or traditional redistribution mechanisms.
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