Click here for search results
Macroeconomic management and the black market for foreign exchange in Sudan, Volume 1
Author:Elbadawi, Ibrahim A.; Country:Sudan;
Date Stored:2001/04/26Document Date:1992/02/29
Document Type:Policy Research Working PaperSubTopics:Economic Theory & Research; Achieving Shared Growth; Macroeconomic Management; Economic Stabilization; Foreign Trade Promotion and Regulation
Language:EnglishMajor Sector:(Historic)Economic Policy
Region:AfricaReport Number:WPS859
Sub Sectors:Macro/Non-TradeCollection Title:Policy, Research working papers ; no. WPS 859. Macroeconomic adjustment and growth
Volume No:1  

Summary: The author uses a simple general equilibrium model to derive a forward-looking linear solution for the premium on the black market for foreign exchange in Sudan. His solution accounts for the long-run fundamentals of the premium that operate through the current account balance. It also accounts for the short-run determinants of the asset market. Estimates based on Sudanese data broadly corroborate the model's predictions. The author's thesis is that successful exchange rate unification and subsequent integration of the parallel market into Sudan's regular economy will require deep fiscal reform and liberalization of trade and exchange rate policies tailored to the pace of macroeconomic reform. His results show that controlling inflation becomes more difficult under high-premium regimes and that higher premiums hurt official exports and tax revenue from foreign trade. A high premium also tends to accelerate capital flight.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 94 pagesOfficial version*6.58 (approx.)
TextText version**
How To Order

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: