01661cas a2200241 a 4500 AALejournalIMF012110 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475505580 1018-5941 BD-DhAAL BD-DhAAL Thomas, Alun. Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters / Alun Thomas. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (21 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 The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/208 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/208/001.2012.issue-208-en.xml IMF e-Library