Trade, Exchange Rate, and Growth in Sub-Saharan Africa (Paperback)

Preface; Figures; Tables; 1. Introduction and overview; Part I. Unrecorded Trade in Goods and Currencies: 2. The welfare implications of unrecorded cross-border trade; 3. Parallel trade and currency convertibility; Part II. Foreign Exchange Constraints: 4. Dollars for sale: inflation and the black market premium; 5. The public debt constraint in the CFA zone; 6. Currency crises, food, and the cola nut effect; Part III. Longer-term Growth in African Countries: 7. Exchange rate, growth and poverty; 8. Export crops, human capital and endogenous growth; 9. Ethnic rents and the politics of redistribution; Conclusion; References; Index.