Gobezie, Muluneh AyalewChauffour, Jean-Pierre2019-12-132019-12-132019-12https://hdl.handle.net/10986/33025Ethiopia's framework for managing its monetary and foreign exchange policy has relied on some standard instruments of financial repression. Over time, the framework has led to the buildup of large macro-financial imbalances. Exiting financial repression while maintaining macroeconomic stability would require solid control over the macro-financial flows and good anticipation of the immediate financial effects of the reform. The paper presents and quantifies such a gradual liberalization reform scenario of Ethiopia's monetary and foreign exchange system.CC BY 3.0 IGOFINANCIAL ECONOMICSGOVERNMENT POLICYFISCAL POLICYMONETARY POLICYSOCIALIST INSTITUTIONSFOREIGN EXCHANGECURRENCYFINANCIAL LIBERALIZATIONWorking PaperWorld Bank10.1596/1813-9450-9082