00896nam0-22003131i-450-99000045090040332120090709162936.00-906048-13-3000045090FED01000045090(Aleph)000045090FED0100004509020020821d1977----km-y0itay50------baenga-------001yyTransducers in digital systemsG. A. WoolvetEnglandPeter Peregrinus©1977193 p.ill.23 cmIEE control engineering series3Controllo computerizzato dei processi629.895Woolvet,George A.315715ITUNINARICAUNIMARCBK99000045090040332110 D III 7019876DINELDINELTransducers in digital systems334107UNINA05044oam 22013214 450 991097334720332120250426110052.0978661382111997814623931831462393187978145277838914527783889781282447912128244791297814519094941451909497(CKB)3360000000443150(EBL)3014423(SSID)ssj0000940801(PQKBManifestationID)11600656(PQKBTitleCode)TC0000940801(PQKBWorkID)10955904(PQKB)10404157(OCoLC)694141070(IMF)WPIEE2006236(MiAaPQ)EBC3014423(IMF)WPIEA2006236WPIEA2006236(EXLCZ)99336000000044315020020129d2006 uf 0engur|n|---|||||txtccrFEER for the CFA Franc /Charalambos Tsangarides, Yasser Abdih1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (42 p.)IMF Working Papers"October 2006."9781451864960 1451864965 Includes bibliographical references (p.37-40).""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. METHODOLOGY AND DATA""; ""IV. EMPIRICAL RESULTS""; ""V. CONCLUSION""; ""REFERENCES""We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis-à-vis their long-run equilibrium paths. For both CEMAC and WAEMU, our results indicate that: (i) the fundamentals account for most of the fluctuation of the real effective exchange rates, with increases in the terms of trade, government consumption, and productivity improvements causing the exchange rate to appreciate, and increases in investment and openness leading to a depreciation; (ii) at end-2005 both the CEMAC and WAEMU real effective exchange rates were broadly in line with their long-run equilibrium values; and (iii) following a shock, reversion to equilibrium is twice as fast in WAEMU than in CEMAC.IMF Working Papers; Working Paper ;No. 2006/236Foreign exchange ratesFrench franc areaFranc, CFAMonetary unionsAfrica, French-speakingConsumptionimfCurrencyimfDiffusion ProcessesimfDynamic Quantile RegressionsimfDynamic Treatment Effect ModelsimfEconometric analysisimfEconometrics & economic statisticsimfEconometricsimfEconomicsimfExchange ratesimfForecasting and Other Model ApplicationsimfForeign ExchangeimfForeign exchangeimfGovernment consumptionimfMacroeconomicsimfMacroeconomics: ConsumptionimfNational accountsimfOpen Economy MacroeconomicsimfReal effective exchange ratesimfReal exchange ratesimfSavingimfState Space ModelsimfTime-Series ModelsimfVector autoregressionimfWealthimfEquatorial Guinea, Republic ofimfForeign exchange ratesFranc, CFA.Monetary unionsConsumptionCurrencyDiffusion ProcessesDynamic Quantile RegressionsDynamic Treatment Effect ModelsEconometric analysisEconometrics & economic statisticsEconometricsEconomicsExchange ratesForecasting and Other Model ApplicationsForeign ExchangeForeign exchangeGovernment consumptionMacroeconomicsMacroeconomics: ConsumptionNational accountsOpen Economy MacroeconomicsReal effective exchange ratesReal exchange ratesSavingState Space ModelsTime-Series ModelsVector autoregressionWealthTsangarides Charalambos1462110Abdih Yasser1815983IMF Institute.International Monetary Fund.African Dept.DcWaIMFBOOK9910973347203321FEER for the CFA Franc4372612UNINA