Rethinking ASGISA and the rand exchange rate
Willem H Boshoff
Department of Economics, University of Stellenbosch
ABSTRACT
]]> The ASGISA policy document identifies the exchange rate as one of the factors constraining accelerated growth in South Africa. This note argues that currency developments do not translate into business cycle movements in the aggregate economy, and that a weaker exchange rate is less likely to boost either foreign investment or export performance in the face of regulatory uncertainty.
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References
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