EconPapers    
Economics at your fingertips  
 

Exchange Rate Management for Commodity-Dependent Countries: A Zambian Case Study

Elva Bova

Chapter 9 in Commodities, Governance and Economic Development under Globalization, 2010, pp 221-246 from Palgrave Macmillan

Abstract: Abstract Historical evidence illustrates how the interplay between fiscal, monetary and exchange rate policy has proved essential in overcoming the commodity trap. Commodity-dependent countries that successfully managed to move on a sustained long-term development path — such as Malaysia, Thailand, Indonesia, Chile and Botswana — carried out counter-cyclical macroeconomic policies.1 Yet, at present, further to the implementation of liberalization and privatization reforms in the 1990s, it transpires that the scope for macroeco- nomic management in the developing world is narrower than in the past.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Commodity Price; Exchange Rate Regime (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27402-0_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230274020

DOI: 10.1057/9780230274020_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2022-09-23
Handle: RePEc:pal:palchp:978-0-230-27402-0_9