Series: IMF Working Papers
Author(s): Catherine Pattillo , Stephen O'Connell , Christopher Adam , and Edward Buffie
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
Keywords: Sterilization, Seigniorage, exchange rate, inflation, real exchange rate, foreign exchange, price level,
We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three “post-stabilization.” African economies with de jure flexible exchange ra...