Exiting Financial Repression: The Case of Ethiopia

Jean-Pierre Christophe Chauffour and Muluneh Ayalew Gobezie

No 9082, Policy Research Working Paper Series from The World Bank

Abstract: Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial repression while maintaining macroeconomic stability would require solid control over the macro-financial flows and good anticipation of the immediate financial effects of the reform. The paper presents and quantifies such a gradual liberalization reform scenario of Ethiopia's monetary and foreign exchange system.

Keywords: Inflation; International Trade and Trade Rules; Banks&Banking Reform; Macroeconomic Management; Legal Institutions of the Market Economy (search for similar items in EconPapers)
Date: 2019-12-12
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9082

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