| Description |
1 online resource (49 pages) |
| Series |
IMF Working Papers |
|
IMF Working Papers
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Data; 1. Summary Statistics Across Geographic and Economic Regions, 1973-2008; III. Methodology and Results; A. Macroeconomic Balance Approach; 2. Macroeconomic Balance Estimation Results (Dependent Variable: CAB/GDP); 3. Macroeconomic Balance Assessment of Sub-Saharan Africa; 4. Macroeconomic Balance Estimation Results with Nonoverlapping Four-year-Averages; B. Equilibrium Real Exchange Rate Approach; 5. Equilibrium Real Exchange Rate Estimation Results |
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6. Equilibrium Real Exchange Rate Estimation Results Controlling for Armed Conflict and Oil ProductionC. External Sustainability Approach; 7. External Sustainability Assessment of Sub-Saharan Africa; D. Purchasing Power Parity Approach; 8. Purchasing Power Parity Estimation Results; IV. Potential for Bias in Results; V. Conclusion; I. Unit Root Test Results; 9. Panel Unit Root Test Result for Real Exchange Rate; 10. Panel Unit Root Test Results for Current Account Balance; 11. Panel Unit Root Test Result for Relative Income per Capita |
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12. Panel Unit Root Test Results for Relative Fiscal Balance13. Panel Unit Root Test Result for Relative Population Growth; 14. Panel Unit Root Test Result for Relative Economic Growth; 15. Panel Unit Root Test Result for Initial Net Foreign Assets; 16. Panel Unit Root Test Result for Terms of Trade; 17. Panel Unit Root Test Result for Oil Trade Balance; 18. Panel Unit Root Test Result for Relative Dependency Ratio; 19. Panel Unit Root Test Result for Aid; 20. Panel Unit Root Test Result for Remittance; Reference; Footnotes |
| Summary |
This paper provides an exchange rate assessment for sub-Saharan African economies by using methodologies similar to those developed by the International Monetary Fund's Consultative Group on Exchange Rate Issues. As in the World Economic Outlook (IMF, 2009a), the unbalanced panel dataset covers 182 countries from 1973 to 2014. We apply four methodologies to assess the fundamental exchange rate: macroeconomic balance, equilibrium real exchange rate, external sustainability, and purchasing power parity. Results show that the impact of macroeconomic fundamentals on the equilibrium real exchange r |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
|
Print version record |
| Subject |
Foreign exchange rates -- Africa -- Econometric models
|
|
Foreign exchange -- Africa -- Econometric models
|
|
Foreign exchange -- Econometric models
|
|
Foreign exchange rates -- Econometric models
|
|
Africa
|
| Form |
Electronic book
|
| ISBN |
9781455254590 |
|
1455254592 |
|
1455205036 |
|
9781455205035 |
|
1462320422 |
|
9781462320424 |
|
1282846345 |
|
9781282846340 |
|
9786612846342 |
|
6612846348 |
|
1455201456 |
|
9781455201457 |
|
