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monetary unions. On specific points, a comparison is made between the eurozone and the CFA zone. The article then investigates …
Persistent link: https://www.econbiz.de/10012288194
Persistent link: https://www.econbiz.de/10010201295
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...
Persistent link: https://www.econbiz.de/10011410050
This paper assesses the adequacy and effectiveness of the WAEMU fiscal framework along three pillars that have proven to effectively support fiscal discipline in monetary unions-common fiscal rules (including adequacy of numerical ceilings as well as elements of design and enforcement), shared...
Persistent link: https://www.econbiz.de/10013170001
Euro Zone, the CFA Franc Zone and between the Eurozone and the CFA Franc Zone, when CFA countries acquired fixed rates … against the non-francophone Eurozone members. The formation of the Eurozone provides a quasi-natural experiment to estimate … the effects on trade of fixed exchange rates, since the change in exchange rate regime for CFA countries with all Eurozone …
Persistent link: https://www.econbiz.de/10012957046
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 –...
Persistent link: https://www.econbiz.de/10013032572
West African Economic and Monetary Union arrangements have been instrumental in helping member countries maintain low inflation. However, a lesser-known characteristic of the West African Economic and Monetary Union, with possible implications for economic growth, is the high exposure to shocks...
Persistent link: https://www.econbiz.de/10012560166
Euro Zone, the CFA Franc Zone and between the Eurozone and the CFA Franc Zone, when CFA countries acquired fixed rates … against the non-francophone Eurozone members. The formation of the Eurozone provides a quasi-natural experiment to estimate … the effects on trade of fixed exchange rates, since the change in exchange rate regime for CFA countries with all Eurozone …
Persistent link: https://www.econbiz.de/10011641789
Persistent link: https://www.econbiz.de/10011998115
Persistent link: https://www.econbiz.de/10013366396