TAPSOBA, Sampawende Jules; JEANNENEY, Sylviane GUILLAUMONT - Centre d'Études et de Recherches sur le Développement … - 2009
The devaluation of the CFA Francs in 1994 has highlighted the relevance of fiscal coordination in African monetary unions. After 1994, African monetary unions have adopted a fiscal rule which prescribes a permanent nil or positive budgetary balance. This article studies how this fiscal rule...
