01692cas a2200253 a 4500 AALejournalIMF000381 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848526 1018-5941 BD-DhAAL BD-DhAAL Honohan, Patrick. Contrasting Monetary Regimes in Africa / Patrick Honohan, Stephen O'Connell. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This paper identifies five different regimes and examines how they evolved over time. It focuses on how the alternative institutional arrangements have influenced the performance of monetary policy under fiscal pressure, and concludes that, although the trend appears to be toward more flexible regimes, the transition to greater flexibility can exacerbate problems of credibility and of macroeconomic management. Mode of access: Internet O'Connell, Stephen. IMF Working Papers; Working Paper ; No. 1997/064 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/064/001.1997.issue-064-en.xml IMF e-Library