Journal Special Issue
Impact of the Liberalization of the Exchange Rate and Financial Markets in Sub-Saharan Africa

This special issue of the Journal of International Development presents the results of a study initiated two years ago by UNU/WIDER on `The impact of the liberalization of the exchange rate and financial markets in sub-Saharan Africa'. The project has benefited from the contributions of African and non-African scholars. Earlier drafts of the articles included in this issue were reviewed during meetings held in Kampala and Addis Ababa.

Table of contents
  1. The Impact of the Liberalization of the Exchange Rate and Financial Markets in Sub-Saharan Africa: Editors' Introduction
    Giovanni Andrea Cornia, Nguyuru H. I. Lipumba
  2. The Political Economy of Financial Reform in Africa
    Thandika Mkandawire
  3. Should Africa Promote Stock Market Capitalism?
    Ajit Singh
  4. Micro–Macro Linkages in Financial Markets: The Impact of Financial Liberalization on Access to Rural Credit in Four African Countries
    Paul Mosley
  5. Financial and Foreign Exchange Markets Liberalization in Ghana
    Nii K. Sowa, Ivy K. Acquaye
  6. Impact of Liberalization on Key Markets in Sub-Saharan Africa: The Case of Uganda
    Louis A. Kasekende, Michael Atingi-Ego
  7. Gradual Liberalization of Key Markets: The Road to Sustainable Growth in Mauritius
    Sunil Kumar Bundoo, Beealasingh Dabee
  8. Adjustment and Liberalization in Kenya: The Financial and Foreign Exchange Markets
    Njuguna Ndung'u, Rose W. Ngugi
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