02094cas a2200277 a 4500 AALejournalIMF011909 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475504170 1018-5941 BD-DhAAL BD-DhAAL Stotsky, Janet. The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa / Janet Stotsky, Manuk Ghazanchyan, Olumuyiwa Adedeji, Nils Maehle. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (54 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 This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited. Mode of access: Internet Adedeji, Olumuyiwa. Ghazanchyan, Manuk. Maehle, Nils. IMF Working Papers; Working Paper ; No. 2012/148 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/148/001.2012.issue-148-en.xml IMF e-Library