Sources of Real Exchange Rate Volatility in Africa: The Case of ECOWAS

被引：4
|
作者：
Adom, Assande Desire [2 ]
Morshed, A. K. M. Mahbub [1 ]
Sharma, Subhash C. [1 ]
机构：
[1] So Illinois Univ, Dept Econ, Carbondale, IL 62901 USA
[2] Eastern Illinois Univ, Dept Econ, Charleston, IL USA
来源：
AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT | 2012年 / 24卷 / 01期
关键词：
RATE FLUCTUATIONS; ECONOMIC-GROWTH; TRADE; DEMAND;
D O I：
10.1111/j.1467-8268.2012.00306.x
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
This study examines the impact of (real) demand shocks, (aggregate) supply shocks, and monetary shocks on real exchange rates in 13 West African countries. We observe that the real demand shocks explain most of the fluctuations in real exchange rates in all these countries. Accordingly, policymakers should adopt a careful demand management strategy by controlling government expenditure and taxes.
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页码：79 / 92
页数：14
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