The CFA franc zone: common currency, uncommon challenges / editors, Anne-Marie Gulde, Charalambos Tsangarides.
Gulde, Anne-Marie.; Tsangarides, Charalambos G.; International Monetary Fund.
2008
HG3897.4 .C43 2008
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Title
The CFA franc zone: common currency, uncommon challenges / editors, Anne-Marie Gulde, Charalambos Tsangarides.
ISBN
1589066758
9781589066755
Publication Details
[Washington, D.C.] : International Monetary Fund, c2008.
Language
English
Description
xi, 397 p. : ill., maps.
Call Number
HG3897.4 .C43 2008
Dewey Decimal Classification
332.4/966
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.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Added Author
Gulde, Anne-Marie.
Tsangarides, Charalambos G.
Added Corporate Author
International Monetary Fund.
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Overview / Anne-Marie Gulde
pt. 1. Sustainability of macroeconomic policies
Monetary policy in a currency union? : the case of CEMAC / Corinne Deléchat, Gustavo Ramirez, and Romain Veyrune
Long-run determinants of inflation in WAEMU / Abdoulaye Diop, Gilles Dufrénot, and Gilles Sanon
Fiscal reaction functions in the CFA franc Zone / Oumuyiwa S. Adedeji and Oral Williams
Reserve adequacy in the CFA franc zone / Corinne Deléchat and Jan Kees Martijn
pt. 2. Capacity to adjust to changes in external conditions
Economic fundamentals and the CFA franc zone real exchange rates / Yasser Abdih and Charalambos Tsangarides
Competitiveness in the CFA franc zone / Gustavo Ramirez and Charalambos Tsangarides
What is fuzzy about clustering in West Africa? / Mahvash Saeed Qureshi and Charalambos Tsangarides
pt. 3. Integration and growth
Financial sector integration in WAEMU / Amadou Sy
Banking sector integration and competition in CEMAC / Samer Saab and Jérôme Vacher
Growth and convergence in the CFA franc zone / Catherine Pattillo, Charalambos Tsangarides, and Pierre van den Boogaerde
Trade in CEMAC : developments and reform opportunities / Jan Kees Martijn and Charalambos Tsangarides
Trade in WAEMU : developments and reform opportunities / Manuela Goretti and Hans Weisfeld.

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