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- W2083399708 abstract "This paper aims at studying the sustainability of current accounts in Sub-Saharan Africa and determining whether this sustainability depends on the exchange rate regime. Relying on a formal theoretical framework and recent panel cointegration techniques, our findings show that current accounts have been globally sustainable in Sub-Saharan Africa countries over the 1980–2011 period. However, this sustainability has been lower for countries operating a fixed exchange rate regime or belonging to a monetary union. We also find that the difference in the level of sustainability could be explained by a higher persistence in the current account adjustment of countries operating under rigid exchange rate regimes." @default.
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- W2083399708 date "2014-06-01" @default.
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- W2083399708 title "Current account sustainability in Sub-Saharan Africa: Does the exchange rate regime matter?" @default.
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- W2083399708 doi "https://doi.org/10.1016/j.econmod.2014.04.017" @default.
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