the oil shock immediately led to a decline in CEMAC's net foreign assets, as well as their trend. The model predicts a … of the CFA franc of Central Africa becoming unsustainable. This situation can also lead to currency instability if …

We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank … shocks to the real economy can be the source of banking crisis, causing an increase in interbank funding costs, aggravating … the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective …

We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank … shocks to the real economy can be the source of banking crisis, causing an increase in interbank funding costs, aggravating … the initial shock; and (iii) central bank asset purchases and long-term refinancing operations can be effective …