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The paper aims at deriving lessons for macroeconomic policy in developing countries in response to heavy temporary capital inflows as witnessed in the early 1990s. First, after spelling out the major ...
Foreign Capital Inflows and the Real Exchange Rate in Sub-Saharan Africa
Capital inflows real exchange rates Sub-Saharan Africa
2010/9/7
This paper presents a short-run dynamic panel model for the relationship between aggregate net foreign capital transfers and the real exchange rate in twenty-four Sub-Saharan African countries. The re...