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

Format:

Book

Author/Creator:

Azam, Jean-Paul, author.

Language:

English

Subjects (All):

Foreign exchange--Africa, Sub-Saharan.

Foreign exchange.

Informal sector (Economics)--Africa, Sub-Saharan.

Informal sector (Economics).

Africa, Sub-Saharan--Commercial policy.

Africa, Sub-Saharan.

Africa, Sub-Saharan--Commerce.

Physical Description:

1 online resource (xvii, 261 pages) : digital, PDF file(s).

Other Title:

Trade, Exchange Rate, & Growth in Sub-Saharan Africa

Place of Publication:

Cambridge : Cambridge University Press, 2007.

Language Note:

English

Summary:

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.

Contents:

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.

Notes:

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

ISBN:

1-107-16985-2

1-280-70995-2

0-511-25711-2

0-511-25759-7

0-511-25604-3

0-511-31977-0

0-511-61833-6

0-511-25661-2

OCLC:

437175112