TY - BOOK ID - 11955322 TI - The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa AU - Stotsky, Janet. AU - Adedeji, Olumuyiwa. AU - Ghazanchyan, Manuk. AU - Maehle, Nils. AU - International Monetary Fund PY - 2012 SN - 1475518226 1475504179 1475547080 1475533969 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Business & Economics KW - International Finance KW - Foreign exchange KW - Economics KW - Economic theory KW - Political economy KW - Cambistry KW - Currency exchange KW - Exchange, Foreign KW - Foreign currency KW - Foreign exchange problem KW - Foreign money KW - Forex KW - FX (Finance) KW - International exchange KW - Social sciences KW - Economic man KW - International finance KW - Currency crises KW - Foreign Exchange KW - Inflation KW - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General KW - International Finance: General KW - Open Economy Macroeconomics KW - Economic Growth of Open Economies KW - Price Level KW - Deflation KW - Currency KW - Macroeconomics KW - Exchange rate arrangements KW - Exchange rate pass-through KW - Exchange rates KW - Prices KW - Mozambique, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:11955322 AB - This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited. ER -