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008 080627s2008 dcuab b i000 0 eng d
010 _a 2008299654
020 _a1589066758
020 _a9781589066755
035 _a(OCoLC)ocn183914615
040 _aYDXCP
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_dBAKER
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043 _afq-----
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050 0 0 _aHG3897.4
_b.C434 2008
082 0 0 _a332.4/966
_222
245 0 4 _aThe CFA franc zone :
_bcommon currency, uncommon challenges /
_ceditors, Anne-Marie Gulde, Charalambos Tsangarides.
260 _aWashington,
_bInternational Monetary Fund,
_cc2008.
300 _axi, 397 p. :
_c23 cm.
504 _aIncludes bibliographical references.
505 0 0 _tOverview /
_rAnne-Marie Gulde --
_gpt. 1. Sustainability of macroeconomic policies --
_tMonetary policy in a currency union? : the case of CEMAC /
_rCorinne Deléchat, Gustavo Ramirez, and Romain Veyrune --
_tLong-run determinants of inflation in WAEMU /
_rAbdoulaye Diop, Gilles Dufrénot, and Gilles Sanon --
_tFiscal reaction functions in the CFA franc Zone /
_rOumuyiwa S. Adedeji and Oral Williams --
_tReserve adequacy in the CFA franc zone /
_rCorinne Deléchat and Jan Kees Martijn --
_gpt. 2. Capacity to adjust to changes in external conditions --
_tEconomic fundamentals and the CFA franc zone real exchange rates /
_rYasser Abdih and Charalambos Tsangarides --
_tCompetitiveness in the CFA franc zone /
_rGustavo Ramirez and Charalambos Tsangarides --
_tWhat is fuzzy about clustering in West Africa? /
_rMahvash Saeed Qureshi and Charalambos Tsangarides --
_gpt. 3. Integration and growth --
_tFinancial sector integration in WAEMU /
_rAmadou Sy --
_tBanking sector integration and competition in CEMAC /
_rSamer Saab and Jérôme Vacher --
_tGrowth and convergence in the CFA franc zone /
_rCatherine Pattillo, Charalambos Tsangarides, and Pierre van den Boogaerde --
_tTrade in CEMAC : developments and reform opportunities /
_rJan Kees Martijn and Charalambos Tsangarides --
_tTrade in WAEMU : developments and reform opportunities /
_rManuela Goretti and Hans Weisfeld.
520 3 _aAbout one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void, by bringing together work undertaken in the context of intensified regional surveillance, and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.
650 0 _aFrench franc area.
_941023
650 0 _aMonetary unions
_zAfrica, French-speaking.
_941024
651 0 _aAfrica, French-speaking
_xEconomic policy.
_941025
700 1 _aGulde, Anne-Marie.
_941026
700 1 _aTsangarides, Charalambos G.
_941027
710 2 _aInternational Monetary Fund.
_926656
856 4 2 _3Abstract and table of contents ;
_zin pdf format :
_uhttp://www.imf.org/external/pubs/cat/longres.cfm?sk=21115.0
906 _a7
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