Download or read book Africa's Rising Inflation written by Ajay Chhibber and published by World Bank Publications. This book was released on 1991 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a link between devaluation and high inflation? It depends on accompanying monetary and fiscal policies and the presence of parallel markets. An open capital account would curtail fiscal profligacy and provide price stability without jeopardizing growth.