TY - BOOK ID - 84659273 TI - Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons AU - Maehle, Nils. AU - Khachatryan, Armine. AU - Teferra, Haimanot. AU - International Monetary Fund. PY - 2013 SN - 1475529864 1616350466 1299265103 1475524897 9781475524895 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign exchange rates KW - Economic development KW - Structural adjustment (Economic policy) KW - Economic policy KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Exchange rates KW - Fixed exchange rates KW - Flexible exchange rates KW - Floating exchange rates KW - Fluctuating exchange rates KW - Foreign exchange KW - Rates of exchange KW - Rates KW - Africa, Southern KW - Economic conditions KW - E-books KW - Foreign Exchange KW - Inflation KW - Finance: General KW - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General KW - Comparative or Joint Analysis of Fiscal and Monetary Policy KW - Stabilization KW - Treasury Policy KW - International Finance: General KW - Current Account Adjustment KW - Short-term Capital Movements KW - Open Economy Macroeconomics KW - Economic Growth of Open Economies KW - Economic History: General KW - Economic History: Macroeconomics KW - Growth and Fluctuations: Africa KW - Oceania KW - Economic Development: General KW - Macroeconomic Analyses of Economic Development KW - Price Level KW - Deflation KW - International Financial Markets KW - Currency KW - Macroeconomics KW - Finance KW - Exchange rate arrangements KW - Multiple currency practices KW - Prices KW - Currency markets KW - Financial markets KW - Foreign exchange market KW - Malawi UR - https://www.unicat.be/uniCat?func=search&query=sysid:84659273 AB - Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies and economic performance during and after these reforms were undertaken. Before liberalization, most of the reviewed countries were characterized by extensive foreign exchange rationing, sizeable black market premiums, and declining per capita real income. Today, the countries that successfully reformed look markedly different. Rationing and parallel market spreads are a distant memory, and per capita income has increased sharply. ER -