For a developing country like Nigeria, the price of foreign exchange plays a highly significant role in the ability of the economy to attain optimal productive capacity. This paper, using a statistical analysis, studies the foreign exchange rate behaviour in Nigeria's auction.

This paper uses a computable general equilibrium model consistent with stylized facts about Cameroon to assess the impact of the 1994 regional fiscal reform. Two main elements characterize this model: it accounts for the asymmetric impact with trading partners and the dualism on product and...

Until the early 1980s, foreign exchange rate controls were the dominant policy in Ghana, Nigeria and Uganda. However, because of the huge fiscal deficits and expansionary monetary policies, coupled with chronic terms of trade shocks and policy error/inadequacies, the foreign exchange rates is...

One of the most dramatic events in Nigeria over the past decade was the devaluation of the Nigerian naira with the adoption of a structural adjustment programme (SAP) in 1986. A cardinal objective of the SAP was the restructuring of the production base of the economy with a positive bias for the...

The paper proceeds as follows. Section I reviews the exchange rate policies that developing countries have been implementing since the Bretton Woods accord. The includes a recall of the exchange rate concept followed by the main characteristics of developing country economic structures and the...

The paper investigates the relationships between domestic and foreign price levels and the exchange rate and other macro-variables. The real exchange rate is estimated as a cointegrating vector that spans the variables in a purchasing power parity relation. An exchange rate pass-through equation...

The paper analyses the effects of trade and exchange rate policies on Cameroon's agriculture. Theoretical models and formulas are developed for empirical analysis.

This paper examines the determinants of inflation in Uganda. High inflation, an economic virus of the Ugandan economy for most of the 1980s, has been recorded at annual rates of less than 10% since 1993/94. A competitive exchange rate has also been sustained since 1990.

The paper assesses whether the exchange rate is affected by monetary policy and whether these effects are permanent or transitory. The paper takes the position that the exchange rate regime determines the flexibility of monetary policy.