Exchange Rate Regimes and Revenue Performance in Sub-Saharan Africa.

Working paper

It has been argued that the institutions of the CFA Franc zone may have reduced inflation but that they also induced misalignment of the real exchange rate and that this is the explanation for their dismal revenue performance. This paper uses a panel of 22 countries in sub-Saharan Africa to estimate revenue performance over the period from 1980 to 1996. It finds that the poor cumulative relative revenue performance of the franc zone countries is mainly attributable to differences in environme...

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Authors: Adam, C; Bevan, D; Chambas, G

• Publisher: Department of Economics (University of Oxford)
• Series: Discussion paper series
• Publication date: 2000-01-01
• Language: English