The Structural Adjustment Implications of Real Exchange Rate Depreciation on the Manufacturing Sector in Zimbabwe

Joseph Muzulu

Chapter 3 in Constraints on the Success of Structural Adjustment Programmes in Africa, 1996, pp 29-51 from Palgrave Macmillan

Abstract: Abstract Real exchange rate depreciation lies at the heart of structural adjustment and stabilisation programmes, particularly those supported by the IMF and the World Bank. Notwithstanding this, there is still considerable controversy surrounding the efficacy of exchange rate depreciation in fostering export expansion and improving resource allocation.

Keywords: Exchange Rate; Gross Domestic Product; Foreign Exchange; Real Exchange Rate; Export Price (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24373-0_3

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DOI: 10.1007/978-1-349-24373-0_3

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