Liberalization and implicit government finances in Sierra Leone
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Date
2020-04-27
Authors
Davies, Victor A. B.
Journal Title
Journal ISSN
Volume Title
Publisher
AERC
Abstract
This research provides empirical evidence on the consequences of stabilization and
financial liberalization in Sierra Leone for implicit seigniorage and financial repression
revenues and exchange rate over-valuation subsidy. The paper provides a political
explanation for their sub optimal combination prior to adjustment and shows that the
adjustment measures have reduced all implicit finances and the scope for using them for
political objectives. External financing has largely replaced domestic financing of the
reduced budget deficits.
Description
Keywords
implicit government finances, , fiscal reform, . , financial liberalization , , Sierra Leone