TY  - BOOK
AU  - Thomas,Alun H.
ED  - International Monetary Fund.
TI  - Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters
T2  - IMF working paper
SN  - 1475586477
AV  - HG3982 
U1  - 332.456096 23
PY  - 2012///
CY  - [Place of publication not identified]
PB  - International Monetary Fund
KW  - Foreign exchange rates
KW  - Africa, Sub-Saharan
KW  - Interest rates
KW  - BUSINESS & ECONOMICS / Finance
KW  - bisacsh
KW  - fast
KW  - Electronic books
N1  - Includes bibliographical references
N2  - The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568149
ER  -