IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/114421.html
   My bibliography  Save this paper

Fiscal policies are more potent to redress acute foreign currency exchange shortage in Malawi

Author

Listed:
  • Phiri Kampanje, Brian

Abstract

The ultimate guardrail of forex reserves in Malawi should be the National Assembly whose sole existence is to serve the needs of the Malawians. The monetary authorities can intervene in the market forces to stabilise the value of the Malawi Kwacha against major trading currencies but have limited capacity to influence on how forex in Malawi can be externalised or what measures can be done to keep more forex only meant for crucial imports. Parliament through fiscal policies is able to do so and it is now time Malawi must adopt contractionary fiscal policies by spending less on non-essential expenses such as foreign travel, suspend purchase of new fleets of vehicles but above all, use the tax code to discourage importation of non-essential items into Malawi.

Suggested Citation

  • Phiri Kampanje, Brian, 2022. "Fiscal policies are more potent to redress acute foreign currency exchange shortage in Malawi," MPRA Paper 114421, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114421
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/114421/7/MPRA_paper_114421.pdf
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/114421/13/MPRA_paper_114421.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joseph Paul Chunga & Ping YU, 2024. "The impact of external shocks on volatility persistence and market efficiency of the foreign exchange rate regime: evidence from Malawi," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.

    More about this item

    Keywords

    Fiscal; Malawi; Policies; Shortage; Forex;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:114421. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.