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The WAEMU has, so far, demonstrated strong resilience to the Covid crisis. The economic rebound that started in the second half of 2020 firmed up in 2021, while fiscal and monetary policies remained supportive. External reserves have risen to comfortable levels and the financial system appears...
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The study investigates the effect of changes in the exchange rate on output growth and inflation in the WAMZ economies …, inflation, exchange rate depreciation/ appreciation and money supply growth. Employing quarterly data series for the period 1981 … autoregressive (VAR) model to estimate the impulse response functions and variance decompositions for inflation and output in order …
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. Secondly, the estimation of external financial fragility in the CFA-franc zone and Nigeria shows that the naira implies a …
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