The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities

John Weeks

Chapter 10 in Economic Alternatives for Growth, Employment and Poverty Reduction, 2009, pp 209-224 from Palgrave Macmillan

Abstract: Abstract In line with the orthodox consensus on macroeconomic policies, the governments of most sub-Saharan African countries have pursued, since the late 1980s, ‘floating’ exchange-rate regimes, which have been managed by central banks. An alleged benefit—and often the central goal—of this policy regime has been to achieve international competitiveness and an associated improvement in the efficiency with which domestic resources are allocated.

Keywords: Exchange Rate; Money Supply; External Debt; Domestic Currency; Debt Relief (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25063-5_11

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DOI: 10.1057/9780230250635_11

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