The CFA franc zone : common currency, uncommon challenges

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Title:

The CFA franc zone : common currency, uncommon challenges

Author:

Gulde, Anne-Marie, (IMF staff)

ISBN:

9781589066755

Publication Information:

[Washington, D.C.] : International Monetary Fund, 2008.

Physical Description:

xi, 397 p. : ill., maps ; 23 cm.

Contents:

Overview / Monetary policy in a currency union? : the case of CEMAC / Long-run determinants of inflation in WAEMU / Fiscal reaction functions in the CFA franc Zone / Reserve adequacy in the CFA franc zone / Economic fundamentals and the CFA franc zone real exchange rates / Competitiveness in the CFA franc zone / What is fuzzy about clustering in West Africa? / Financial sector integration in WAEMU / Banking sector integration and competition in CEMAC / Growth and convergence in the CFA franc zone / Trade in CEMAC : developments and reform opportunities / Trade in WAEMU : developments and reform opportunities

Abstract:

About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void, by bringing together work undertaken in the context of intensified regional surveillance, and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.

Subject Term:

French franc area.

Monetary unions -- Africa, French-speaking.

Geographic Term:

Africa, French-speaking -- Economic policy.

Added Author:

Gulde, Anne-Marie,

Tsangarides, Charalambos G.

Added Corporate Author:

International Monetary Fund.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025523529	332.4966 G971C 2009	1	Searching... Unknown

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Summary

About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.