Real exchange rate misalignment in the CFA zone

Journal of African Economies

Volumn 6, Issue 1, 1997, Pages 35-53

  Devarajan, Shantayanan ^a  

^a WORLD BANK GROUP   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CFA FRANC ZONE; EXCHANGE RATE MISALIGNMENT; REAL EXCHANGE RATE;

AFRICA;

EID: 0030706026     PISSN: 09638024     EISSN: None     Source Type: Journal    
DOI: 10.1093/oxfordjournals.jae.a020922     Document Type: Article

References (7)

1. Bacha, E. and L. Taylor (1971) 'Foreign Exchange Shadow Prices: a Critical Review of Current Theories', Quarterly Journal of Economics, 85 (2).
2. Balassa, B. (1964) 'The Purchasing Power Parity Doctrine: a Reappraisal', Journal of Political Economy, 72: 584-96.
3. Devarajan, S., J. Lewis and S. Robinson (1993) 'External Shocks, Purchasing Power Parity and the Equilibrium Real Exchange Rate', World Bank Economic Review, 7 (1).
4. Officer, L.H. (1982) Purchasing Power Parity and Exchange Rates: Theory, Evidence and Relevance, Greenwich: JAI Press.
5. Khan, M. and J. Ostry (1992) 'Response of the Equilibrium Real Exchange Rate to Real Disturbances in Developing Countries', World Development, 20 (9).
6. Krueger, A., M. Schiff, A. Valdes (1988) 'Agricultural Incentives in Developing Countries: Measuring the Effect of Sectoral and Economywide Policies', World Bank Economic Review, 2 (3): 255-71.
7. Williamson, J. (1994) Estimating Equilibrium Exchange Rates, Institute for International Economics, Washington DC, September.