Exchange Rate Targeting in Sub-Saharan Africa: Real, Nominal, or Mixed?

Dialogues économiques
JUNE 14, 2022
With little diversification, a great amount of debt, and a high level of dependence, the economies of Sub-Saharan Africa are confronted with many challenges and left vulnerable against external shocks. What exchange rate regimes do central banks choose to protect these countries and help them reach seemingly incompatible macroeconomic aims?

Reference
Al Hajj, Fadia, Gilles Dufrénot, and Benjamin Keddad. 2021. “Exchange Rate Policy and External Vulnerabilities in Sub-Saharan Africa: Nominal, Real or Mixed Targeting?” Applied Economics 53 (3): 380–99.

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