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The Inflationary Impact of Exchange Rate Policy Shift in Tanzania

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dc.creator Rutasitara, Longinus
dc.date 2016-05-09T20:22:02Z
dc.date 2016-05-09T20:22:02Z
dc.date 1999
dc.date.accessioned 2018-03-27T09:05:01Z
dc.date.available 2018-03-27T09:05:01Z
dc.identifier 1116-4875
dc.identifier http://hdl.handle.net/20.500.11810/1926
dc.identifier.uri http://hdl.handle.net/20.500.11810/1926
dc.description The inflationary impact of exchange rate changes has been controversial in the wake of adjustment/stabilisation policies in many developing countries. One view held that currency devaluation associated with structural adjustment of the 1980s was one of the causes of inflation. However, empirical results regarding the inflationary effects of official and parallel market exchange rate changes are not unanimous. This paper examines the relative impact of both official and parallel market exchange rate changes on inflation in Tanzania. A model of inflation is estimated for the period 1967-1995 and divided into the "controlled" regime (up to mid-1980s) and a more liberalised regime (mid-1980s to 1995). It is found that while the official exchange rate generally had a direct influence on domestic prices overall both regimes, the parallel exchange rate had a dominant influence during the controlled regime; but eliminating the parallel market was compelling
dc.language en
dc.publisher African Journal of Economic Policy
dc.relation Vol. 6, No. 2:39-58;
dc.subject Inflation
dc.subject Official exchange rate
dc.subject Parallel foreign exchange market
dc.subject Devaluation
dc.subject Structural adjustment
dc.title The Inflationary Impact of Exchange Rate Policy Shift in Tanzania
dc.type Journal Article, Peer Reviewed


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