Trade, exchange rate, and growth in sub-Saharan Africa /

Trade, exchange rate, and growth in sub-Saharan Africa /

Saved in:

Bibliographic Details
Author / Creator:	Azam, Jean-Paul.
Imprint:	Cambridge, UK ; New York : Cambridge University Press, 2007.
Description:	1 online resource (xvii, 261 pages) : illustrations
Language:	English
Subject:	Foreign exchange -- Africa, Sub-Saharan. Informal sector (Economics) -- Africa, Sub-Saharan. Commerce. Commercial policy. Foreign exchange. Informal sector (Economics) Africa, Sub-Saharan -- Commercial policy. Africa, Sub-Saharan -- Commerce. Sub-Saharan Africa. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11812919

Hidden Bibliographic Details
ISBN:	9780511257599 0511257597 0511257112 9780511257117 9780511618338 0511618336 9780521865364 0521865360 9786610709953 6610709955 0521684072 0521865360 9780521684071
Notes:	Includes bibliographical references (pages 240-254) and index. Print version record.
Summary:	In this sophisticated yet accessible analysis of the open economies of Sub-Saharan Africa, Jean-Paul Azam analyses international trade, exchange rate issues, and longer-term growth, taking due account of the distinctive features of African economies. In particular, he examines the informal as well as the formal institutional frameworks which prevail in different African countries and which affect their macroeconomic behaviour. Key issues explored include tariffs and quotas, membership of the CFA Zone, and currency convertibility or inconvertibility, as well as smuggling, corruption, parallel markets in goods and currencies, ethnic diversity and redistribution. Case studies of important macroeconomic events are used to establish basic stylized facts from which the theory emerges, and special attention is paid to the consequences of macroeconomic events for the poor, via the food market or traditional redistribution mechanisms.
Other form:	Print version: Azam, Jean-Paul. Trade, exchange rate, and growth in sub-Saharan Africa. Cambridge, UK ; New York : Cambridge University Press, 2007 0521865360 9780521865364

Table of Contents:

Introduction and overview
pt. I. Unrecorded trade in goods and currencies
The welfare implications of unrecorded cross-border trade
Parallel trade and currency convertibility
pt. II. Foreign exchange constraints
Dollars for sale : inflation and the black market premium
The public debt constraint in the CFA zone
Currency crises, food, and the "Cola nut" effect
pt. III. Longer-term growth in African countries
Exchange rate, growth, and poverty
Export crops, human capital, and endogenous growth
Ethnic rents and the politics of redistribution.