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This article describes the rather singular evolution of monetary aggregates during the final decade of the Mengistu regime in Ethiopia which led to a near doubling of the ratio between M2 (cash in circulation, demand saving and time deposits) and GDP. This took place with very limited...
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The paper examines some of the economic and institutional explanations for sub-Saharan Africa's poor agricultural performance in the last 15 years, and suggests the role that governments and their aid donors should now be playing in promoting a change of fortune. (DSE)
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