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"Good infrastructure is essential for socio-economic growth and sustainable development. Safe and accessible water supplies, reliable energy, good transport networks and communications technology are all vital to a region's development agenda. This book presents a comprehensive exploration of the state of infrastructure in Africa and provides an integrated analysis of the challenges the sector faces, based on extensive fieldwork across the continent. Contributors with a wide range of expertise challenge current policy, practice and thinking on issues including the politics of infrastructure development, social inclusion, domestic resource mobilisation and infrastructure financing. The book will be an important resource for academic researchers, students and early career development professionals as well as policymakers and NGOs engaged in dialoguing the infrastructure development options for Africa."--Publisher's description

Intro -- Foreword -- Preface -- Acknowledgements -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 Main Themes in the Book -- 1.1.1 The Role of Economic Growth and Economic Policy Uncertainties and Channels of Transmission into the Domestic Economy -- 1.1.2 The Transmission Channels of Exchange Rate, Foreign Demand and Domestic Uncertainty Shocks -- 1.1.2.1 Why Does the Exchange Rate Shock Matter? -- 1.1.2.2 The Interaction Between the Exchange Rate and Foreign Economic Activity Developments -- 1.1.2.3 Different Sectorial Sensitivities to Exchange Rate Shocks -- 1.1.2.4 Unconventional Foreign Policy Interventions and the Associated Exchange Rate Anomalies -- 1.1.2.5 The Interaction of Domestic Macroeconomic and Economic Policy Uncertainty -- 1.1.2.6 The Role of the Confidence Channel and Business Cycle Fluctuations -- 1.1.2.7 The Interaction Between Financial Regulatory Policy Uncertainty and Economic Policy Uncertainty and Lending Rate Margins -- 1.2 The Role of US Monetary Policy, Capital Flows Episodes, Business Confidence and the Rand Per US Dollar Exchange Rate Volatility -- 1.2.1 The Interaction Between the Interest Differentials and the Exchange Volatilities -- 1.2.2 Does the Distinction of Capital Flows Dynamics According to Foreign and Domestic Investors' Behaviour Matter? -- 1.2.3 Does Elevated Exchange Rate Volatility Impact Foreigners' Purchases of Domestic Assets? -- 1.2.4 Why Does the Persistence of Capital Flows Matter? -- 1.2.5 Does the Exchange Rate Risk Restrain Exports Performance? -- 1.2.6 The Implications of the Pricing-to-Market Model -- References -- Part I The Role of Economic Growth, Economic Policy Uncertainty and the Channels of Transmission into the Domestic Economy