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Les problemes de la transition hors du socialisme africain.

Abstract:

This paper considers three policy reforms current in Africa: financial liberalisation, consumer price decontrol, and trade liberalisation. It is argued that financial liberalisation is not only fiscally very costly, but that the gains from improved financial intermediation depend upon a prior fiscal improvement to reduce public indebtedness. It is therefore intrinsically a slow process. By contrast, price decontrol is straightforward, and in most severe cases, decontrol may remonetise transac...

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Journal:
Revue d'Économie du Développement
Volume:
4
Publication date:
1993-01-01
URN:
uuid:9a121027-5028-4c0b-95fb-16a0f54a8d89
Local pid:
oai:economics.ouls.ox.ac.uk:11433
Language:
French

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