Exchange Rate Action: Channels of Contribution to Effectiveness of Growth-Oriented Adjustment Policies in Low Income Primary Producing Countries

Authors

F. L. Osundade, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Exchange Rate, Growth-Oriented Adjustment Policies, Low-Income Countries, Primary Producing Countries

Abstract

This paper Identifies exchange rate as one of the principal policy tools through which low-Income primary producing countries could properly align their economic and financial activities with those In the rest of the world to achieve satisfactory growth In income and employment. It examines the channels U1rougl1 which devaluation (exchange rate action) can produce significant impacts on major economic aggregates and in the process, correct financial and structural Imbalances.

Author Bio

The author is a staff of the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

31

Recommended Citation

Osundade, F. L. (1993). Exchange Rate Action: Channels of Contribution to Effectiveness of Growth-Oriented Adjustment Policies in Low Income Primary Producing Countries. CBN Economic and Financial Review. 31(2), 133-144.