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Thesis

Exchange rate policy options for Namibia

Abstract:

The thesis assesses the costs and benefits of Namibia's membership of the CMA to determine whether the CMA is an optimal currency area at least from the perspective of Namibia. This issue is examined from two main perspectives: (a) whether real exchange rate (RER) adjustment is frustrated by the inability to use the nominal exchange rate as an instrument of adjustment. Evidence of persistent RER misalignment may be seen as a necessary condition for an independent nominal exchange rate reg...

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Institution:
University of Oxford
Department:
Faculty of Social Studies
Publication date:
1998
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Barcode:
604788427
URN:
uuid:fdb75211-db30-4393-a6f7-61d46ff4b9b7
Local pid:
td:604788427

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