1.

Record Nr.

UNINA9910824166103321

Autore

Gulde Anne

Titolo

The CFA Franc Zone : : Common Currency, Uncommon Challenges / / Anne Gulde, Charalambos Tsangarides

Pubbl/distr/stampa

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

ISBN

1-4552-6102-5

1-4519-9866-X

1-283-53603-X

9786613848482

1-4519-2674-X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (410 p.)

Altri autori (Persone)

TsangaridesCharalambos

Disciplina

332.4/966

Soggetti

French franc area

Monetary unions - Africa, French-speaking

Banks and Banking

Exports and Imports

Finance: General

Foreign Exchange

Macroeconomics

Taxation

Inflation

Trade: General

Trade Policy

International Trade Organizations

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Empirical Studies of Trade

General Financial Markets: General (includes Measurement and Data)

International economics

Currency

Foreign exchange

Public finance & taxation

Banking

Finance

Real effective exchange rates

Tariffs



Imports

Real exchange rates

International trade

Taxes

Terms of trade

Tariff

Banks and banking

Economic policy

nternational cooperation

Exports

Africa, French-speaking Economic policy

Côte d'Ivoire

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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.

Sommario/riassunto

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.