 The Design and Effects of Monetary Policy in Sub-Saharan African Countries-super- †Journal of African Economies, 2011, vol. 20, issue suppl_2, -ii35 Abstract: Since the 1990s there have been a number of major changes in the design and conduct of monetary policy. In a globalised environment, there is greater need to achieve closer convergence of economic performance among trading partners. As a result, a number of developing countries have adopted exchange rate regimes with more flexibility, and thereby greater scope for monetary policy. Notable examples include a number of Sub-Saharan African countries moving from fixed exchange-rate regimes to more flexible regimes and the adoption of formal or informal inflation targeting regimes by some of these countries. These changes have triggered considerable debate on how monetary policy should be conducted and the effects it has on the real economy. Copyright 2011 The author 2011. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals.permissions@oup.com, Oxford University Press. Date: 2011 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:jafrec:v:20:y:2011:i:suppl_2:p:-ii35 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of African Economies is currently edited by Francis Teal More articles in Journal of African Economies from Centre for the Study of African Economies Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC. |
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