Ethiopia and Uganda are two land-locked economies dependent on imported inputs for a small but growing manufacturing sector.
They have contrasting exchange rate regimes affecting the cost of imports in different ways. Ethiopia uses a crawling peg exchange rate regime while Uganda has a floating exchange rate regime.
Currency fluctuations are associated with the...
12 May 2021 | Tewodros Makonnen Gebrewolde, Michael Koelle, Pramila Krishnan, Andualem Mengistu