01614cas a2200229 a 4500 AALejournalIMF021483 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513567747 1018-5941 BD-DhAAL BD-DhAAL Fiscal Dominance in Sub-Saharan Africa Revisited. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (28 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 paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are rising in many SSA countries. We find that legal limits and availability of alternative financing options play an important role in determining the extent to which government deficits tend to be financed by the central bank. We also find economically significant effects of central bank lending to government on the exchange rate and inflation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2021/017 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/017/001.2021.issue-017-en.xml IMF e-Library