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Determinants of the exchange rate and policy implications for Zambia

IGC, (2014) Determinants of the exchange rate and policy implications for Zambia. International Growth Centre Blog (14 Jan 2014). Website.

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Abstract

Exchange rate policy in Zambia – as in most countries – excites a certain amount of emotion and controversy. On one side, politicians often want to see a ‘strong’ currency (i.e. where a unit of the local currency buys more rather than less foreign currency), since imports, especially those of consumption goods, would then be cheaper. On the other side, many economists want to see a ‘competitive’ currency (i.e. where a unit of the local currency buys less foreign currency), since that makes exports and import-substitutes cheaper, enabling local businesses, especially in businesses outside of the traditional mining products, to compete more effectively and grow their markets.

Item Type: Online resource (Website)
Official URL: http://www.theigc.org/
Additional Information: © 2014 The Author(s); Online
Divisions: International Growth Centre
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
J Political Science > JC Political theory
J Political Science > JF Political institutions (General)
Sets: Research centres and groups > International Growth Centre (IGC)
Date Deposited: 22 Jun 2017 10:26
Last Modified: 31 Jan 2019 03:09
URI: http://eprints.lse.ac.uk/id/eprint/82019

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