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political stability in Africa, backed by France. But free convertibility and fixed parity, guaranteed by the French Treasury …, mainly served the interest of a small elite of the Messieurs Afrique, both in France and in Africa. Generations of French …
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The 14-member Franc Zone in West and Central Africa represents the largest monetary union in the southern hemisphere, predating the European Monetary Union by decades. With monetary unions planned for other parts of Africa in the near future, Macroeconomic Policy in the Franc Zone focuses on...
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