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.
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© 2009 United Nations Development Programme
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Weeks, J. (2009). The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities. In: McKinley, T. (eds) Economic Alternatives for Growth, Employment and Poverty Reduction. Palgrave Macmillan, London. https://doi.org/10.1057/9780230250635_11
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DOI: https://doi.org/10.1057/9780230250635_11
Publisher Name: Palgrave Macmillan, London
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