Exiting Financial Repression : The Case of Ethiopia
Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/634091576158841364/Exiting-Financial-Repression-The-Case-of-Ethiopia http://hdl.handle.net/10986/33025 |
| Summary: | Ethiopia's framework for managing
its monetary and foreign exchange policy has relied on some
standard instruments of financial repression. Over time, the
framework has led to the buildup of large macro-financial
imbalances. Exiting financial repression while maintaining
macroeconomic stability would require solid control over the
macro-financial flows and good anticipation of the immediate
financial effects of the reform. The paper presents and
quantifies such a gradual liberalization reform scenario of
Ethiopia's monetary and foreign exchange system. |
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