The Impact of the Strong Euro on the Real Effective Exchange Rates of the Two Francophone African CFA Zones

The author estimates the degree of misalignment of the CFA franc since the introduction of the euro in 1999. Using a relative purchasing power parity-based methodology, he develops a monthly panel time series dataset for both the Economic and Monetary Community of Central Africa (CEMAC) zone and the West African Economic and Monetary Union (UEMOA) zone to compute a trade-weighted real effective exchange rate indexed series from January 1999 to December 2004. The author's main finding is that the real effective exchange rate appreciated by close to 8 percent in UEMOA and 7 percent in CEMAC, inf... Mehr ...

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Verfasser: Zafar, Ali
Erscheinungsdatum: 2005
Verlag/Hrsg.: World Bank
Washington
DC
Schlagwörter: AVERAGE INFLATION / BALANCE OF PAYMENTS / BASE YEAR / BRAZILIAN REAL / CANADIAN DOLLAR / CAPITAL ACCOUNT / CAPITAL FLOWS / CENTRAL BANK / CENTRAL BANKS / CHANGES IN TRADE / CHINESE YUAN / COMMON CURRENCY / COMPETITIVENESS / CONSUMER PRICE INDEX / CONVERTIBILITY / COUNTRY MARKETS / CURRENT ACCOUNT / CURRENT ACCOUNT DEFICIT / CURRENT ACCOUNTS / DEBT / DEFLATION / DEVALUATION / DEVELOPING COUNTRIES / DEVELOPING COUNTRY / DISEQUILIBRIUM / DOMESTIC PRICE / DOMESTIC PRICE INDEX / DOMESTIC PRICES / DUTCH DISEASE / ECONOMETRIC ANALYSES / ECONOMETRICS / ECONOMIC ANALYSIS / ECONOMIC GROWTH / ECONOMIC HISTORIANS / ECONOMIC PERFORMANCE / ELASTICITY / EQUILIBRIUM / EURO / EXCHANGE RATE / EXCHANGE RATE APPRECIATION / EXCHANGE RATE INDEXES / EXCHANGE RATE POLICY / EXCHANGE RATE REGIME / EXCHANGE RATE REGIMES / EXPORT MARKETS / EXPORT PRICES / EXPORTS / FISCAL BALANCE / FIXED EXCHANGE RATE / FIXED EXCHANGE RATES
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-28639308
Datenquelle: BASE; Originalkatalog
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Link(s) : http://hdl.handle.net/10986/8532