Administrative exchange allocation has been common in developing countries, especially in sub-Saharan Africa. Steps to dismantle or modify these control mechanisms have been carried out through traditional schemes. The authors draw lessons from sub-Saharan Africa's historical experience useful both to African former socialist economies. Exchange regime reform should be given highest priority for its role in reducing anti-export bias. Although many...
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INFORMATION
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1994/03/31
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Document de travail de recherche sur les politiques
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WPS1268
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1
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1
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2010/07/01
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The reform of mechanisms for foreign exchange allocation : theory and lessons from sub-Saharan Africa
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foreign exchange
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