Purpose - A major lesson of the EMU crisis is that serious disequilibria result from regional monetary arrangements not designed to be robust to a variety of shocks. The purpose of this paper is to assess these disequilibria within the CEMAC, UEMOA and CFA zones. Design/methodology/approach - In...

This paper reviews the evolution of competitiveness in the CFA franc zone using a proposed comprehensive competitiveness framework. In particular, we examine competitiveness in the WAEMU and CEMAC regions by analyzing the ""environment"" and ""policy"" components of competitiveness and their...

The WAEMU and the Franc CFA-Zone: A new culture of co-operation in Francophone Africa? The CFA-zone is basically composed of two sub-zones, characterised by significant structural economic and political differences within and between its member countries: the West African Economic and Monetary...

Purpose - A major lesson of the EMU crisis is that serious disequilibria in a monetary union result from arrangements not designed to be robust to a variety of shocks. With the specter of this crisis looming substantially and scarring existing monetary zones, the present study has complemented...

In order to inform discussions on the extent of poverty in a country, it is often useful to compare the country's poverty measures to estimates obtained in other countries with similar levels of development within the same region of the world. Beyond gains from the point of view of cross-country...