Fiscal Policy with Fixed Nominal Exchange Rates: Côte D'Ivoire, Volume 658
Christophe Chamley · Hafez Ghanem
Jan 1991 · World Bank Publications
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65
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About this ebook
C^ote d'Ivoire's increase in debt in the 1980s (from 30 percent of GDP to 100 percent) did little for new investment, because the investment-GDP ratio barely compensated for inflation. The country's fiscal stance hurt the real exchange rate and international competitiveness.
C^ote d'Ivoire's increase in debt in the 1980s (from 30 percent of GDP to 100 percent) did little for new investment, because the investment-GDP ratio barely compensated for inflation. The country's fiscal stance hurt the real exchange rate and international competitiveness.
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