Foreign Exchange Auction Markets in Sub-Saharan Africa: Dynamic Models for Auction Exchange Rates.

Working paper

In this analytical sequel to"A Typology of Foreign Exchange Auction Markets in sub-Saharan Africa", the authors compare the micromanagement of different foreign exchange auctions in sub-Saharan Africa. Multi-unit auctions for foreign exchange were introduced in a number of countries in the 1980s and 1990s, in a transitional step toward a credible, sustainable, unified regime, such as efficient interbank market. But there is little understanding of how auction markets function in sub-Saharan A...

Expand abstract

Authors: Aron, J; Elbadawi, I

• Publisher: World Bank
• Series: Policy Research Working Paper Series
• Publication date: 1994-01-01
• Language: English