SOAS Economics: Seminar series, public lectures and events

Exchange Rate Management in a Small Mining Dominated Economy: The Zambian Dilemma


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Prof John Weeks, SOAS University of London
Zambia has a small economy with a foreign exchange market dominated by large banks and mining companies. Copper accounts for over 80% of the country's exports. This combination, a small country, a forex market with large private participants and one dominant export, implies that the Kwacha does not trade in a market of rice takers. All the large private trades are aware that their actions have predictable and measurable consequences. This affects the manner in which they form their expectations. This study employed quantitative and qualitative techniques to explain how those expectations are formulated. the purpose of the study was to provide the Bank of Zambia with insights to improve its exchange rate management.
Reference: Geda, A. and J. Weeks (2016) Short Run Movements in the Kwacha: Analytical Study for the Bank of Zambia, IGC and Bank of Zambia, London.
Speaker(s): Prof John Weeks (SOAS), Antonio Andreoni (SOAS)
Event Date:
10 May 2017
Released by:
SOAS Economics Podcast
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SOAS Economics: Seminar series, public lectures and eventsBy SOAS Economics Podcast

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