The CFA franc zone after EMU: Status quo, reform, or dissolution?

World Economy

Volumn 23, Issue 2, 2000, Pages 221-233

  Fouda, Seraphin M ^a,b   Stasavage, David ^c,d  

^a UNIVERSITY OF YAOUNDÉ II   (Cameroon)

^b THEA   (Cameroon)

^c UNIVERSITY OF OXFORD   (United Kingdom)

^d UNIVERSITY OF OXFORD   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

CFA FRANC ZONE; EUROPEAN MONETARY UNION; EXCHANGE RATE; MONETARY POLICY; MONETARY UNION;

AFRICA; EUROPE;

EID: 0034104144     PISSN: 03785920     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9701.00269     Document Type: Review

References (26)

1. Alesina, A. and D. Dollar (1998), 'Who Gives Foreign Aid to Whom and Why?' Working Paper No. 6612 (NBER).
2. Azam, J.P. and S. Fouda (1998), 'African Monetary Integration: A Deliberately African Perspective', Mimeo (University of Toulouse).
3. Bayoumi, T. and J. Ostry (1997), 'Macroeconomic Shocks and Trade Flows within Sub-Saharan Africa: Implications for Optimum Currency Arrangements', Journal of African Economies, 6, 3, 412-44.
4. Boone, P. (1996), 'Politics and the Effectiveness of Foreign Aid', European Economic Review, 40, 2, 289-329.
5. Cobham, D. and P. Robson (1994), 'Monetary Integration in Africa: A Deliberately European Perspective', World Development, 22, 3, 285-99.
6. Collier, P. (1991), 'Africa's External Economic Relations 1960-1990', African Affairs, 90, 339-56.
7. Collier, P., P. Guillaumont, S. Guillaumont and J.W. Gunning (1997), 'The Future of Lomé: Europe's Role in African Growth', The World Economy, 20, 3, 285-305.
8. Cukierman, A. (1992), Central Bank Strategy, Credibility, and Independence (Cambridge, MIT Press).
9. Devarajan, S. (1997), 'Real Exchange Rate Misalignment in the CFA Zone', Journal of African Economies, 6, 1, 35-53.
10. Direction du Trésor (1992), 'La coopération monétaire franco-africaine: la Zone Franc et l'UEM', Les Notes Bleues de Bercy, 16-31.
11. Eichengreen, B. (1994), International Monetary Arrangements for the 21st Century (Washington DC: The Brookings Institution).
12. Fouda, S. (1997), 'Political Monetary Cycles and Independence of the Central Bank in a Monetary Union: An Empirical Test for a BEAC Franc Zone Member Country', Journal of African Economies, 6, 1, 112-32.
13. Fouda, S. and Touna Mama (1996), 'Economie Dominante et Associations Communautaires au Cameroun: le Défi de la Survie en Milieu Rural', in S. Honsberger (ed.), Les Stratégies des Groupes Sociaux Victimes de la Globalisation (Université de Neuchâtel).
14. Guillaumont, P. and S. Guillaumont (1989), 'Monnaie Européenne et Monnaies Africaines', Revue Française d'Economie, 4, 1, 97-116.
15. Guillaumont, P. and S. Guillaumont (1993), 'L'Intégration Economique: un Nouvel Enjeu pour la Zone Franc', Revue d'Economie du Développement, 1, 2, 83-111.
16. Guillaumont, P. and S. Guillaumont (1995), 'La conditionnalité à l'épreuve des faits', in M. Rainelli (ed.), La Négociation Commerciale et Financière Internationale (Paris: Economica).
17. Hadjimichael, M. and M. Galy (1997), 'The CFA Franc Zone and the EMU', Working Paper No. 97/156 (IMF).
18. Honohan, P. (1990), 'Price and Monetary Convergence in Currency Unions', Policy Research Working Paper No. 390 (World Bank).
19. Hugon, P. (1990), 'Zone Monétaire et Intégration Régionale: le Cas de la Zone Franc', Epargne sans Frontière, 21, 27-36.
20. IMF (1998), 'Cameroon: Statistical Appendix', Staff Country Reports No. 98/17 (IMF).
21. Klein, N. and P. Marion (1994), 'Explaining the Duration of Exchange Rate Pegs', Working Paper No. 4651 (NBER).
22. Lowrey, M. (1995), 'France and the CFA: Price and Money Supply Growth Determination: 1969-88', Journal of African Economies, 4, 2, 225-42.
23. Mansoor, A. and A. Inotai (1991), 'Integration Efforts in Sub-Saharan Africa: Failure, Results and Prospects, A Suggested Strategy for Achieving Efficient Integration', in A. Chhibber and S. Fischer (eds), Economic Reform in Sub-Saharan Africa (Washington DC: World Bank).
24. Monga, C. (1997), 'A Currency Reform Index for Western and Central Africa', The World Economy, 20, 1, 103-25.
25. Stasavage, D. (1997), 'The CFA Franc Zone and Fiscal Discipline', Journal of African Economies, 6, 1, 132-67.
26. Stasavage, D. (1999), 'The Franc Zone as an Agency of Restraint', in P. Collier and C. Pattillo (eds.), Risk and Investment in Africa (Basingstoke: Macmillan).