Optimal Real Exchange Rate Determination and its effects on Competitiveness

This study is made up of two essays on the “Determinants of the Zambian Kwacha”. The first essay gives a critical analysis of the short term determinants of the Kwacha and draws implications for the exchange rate policy.

The second essay specifically interrogates whether either the copper price or industrial diversification is a key long-run determinant of the Kwacha and also draws implications for the exchange rate policy.

Outputs