EIB Documents

Determinants of the exchange rate, its volatility and currency crash risk in Africa’s low and lower middle-income countries.

EIB’s second work paper “Determinants of the exchange rate, its volatility and currency crash risk in Africa’s low and lower middle-income countries” uses macro-panel estimates to examine the determinants of nominal exchange rates, their volatility, and crashrisk in low- and lower-middle-income African countries.

It combines macro-panel estimations for 15 such countries with insights from interviews with market participants.  

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