Feer For The Cfa Franc

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FEER for the CFA Franc

Author : Charalambos G. Tsangarides
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis FEER for the CFA Franc by : Charalambos G. Tsangarides

Download or read book FEER for the CFA Franc written by Charalambos G. Tsangarides and published by International Monetary Fund. This book was released on 2006-10 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis-à-vis their long-run equilibrium paths. For both CEMAC and WAEMU, our results indicate that: (i) the fundamentals account for most of the fluctuation of the real effective exchange rates, with increases in the terms of trade, government consumption, and productivity improvements causing the exchange rate to appreciate, and increases in investment and openness leading to a depreciation; (ii) at end-2005 both the CEMAC and WAEMU real effective exchange rates were broadly in line with their long-run equilibrium values; and (iii) following a shock, reversion to equilibrium is twice as fast in WAEMU than in CEMAC.

The CFA Franc Zone and the EMU

Author : Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
ISBN 13 : 1451857365
Total Pages : 40 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The CFA Franc Zone and the EMU by : Mr.Michael T. Hadjimichael

Download or read book The CFA Franc Zone and the EMU written by Mr.Michael T. Hadjimichael and published by International Monetary Fund. This book was released on 1997-11-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether the prospective shift of the peg of the CFA franc to the euro would constitute an exchange rate arrangement with EMU countries would depend critically on the interpretation of the free convertibility of the CFA franc guaranteed by France. Nonetheless, this shift is likely to leave the CFA franc arrangements and operating features of the zone essentially unchanged. The current parity of the CFA franc could be considered in line with fundamentals. The potential economic consequences for the CFA franc countries could be positive over the long term, but there is a risk of a weakening of external competitiveness.

IMF Working Papers

Author : Charalambos G. Tsangarides
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (842 download)

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Book Synopsis IMF Working Papers by : Charalambos G. Tsangarides

Download or read book IMF Working Papers written by Charalambos G. Tsangarides and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cfa Franc Zone and the Emu

Author : Michael Hadjimichael
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Cfa Franc Zone and the Emu by : Michael Hadjimichael

Download or read book The Cfa Franc Zone and the Emu written by Michael Hadjimichael and published by . This book was released on 2006 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether the prospective shift of the peg of the CFA franc to the euro would constitute an exchange rate arrangement with EMU countries would depend critically on the interpretation of the free convertibility of the CFA franc guaranteed by France. Nonetheless, this shift is likely to leave the CFA franc arrangements and operating features of the zone essentially unchanged. The current parity of the CFA franc could be considered in line with fundamentals. The potential economic consequences for the CFA franc countries could be positive over the long term, but there is a risk of a weakening of external competitiveness.

The CFA Franc Zone

Author : Ms.Anne Marie Gulde
Publisher : International Monetary Fund
ISBN 13 : 1589066758
Total Pages : 411 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis The CFA Franc Zone by : Ms.Anne Marie Gulde

Download or read book The CFA Franc Zone written by Ms.Anne Marie Gulde and published by International Monetary Fund. This book was released on 2008-04-02 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: About 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.

Monetary Unions

Author : Source Wikipedia
Publisher : University-Press.org
ISBN 13 : 9781230578675
Total Pages : 56 pages
Book Rating : 4.5/5 (786 download)

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Book Synopsis Monetary Unions by : Source Wikipedia

Download or read book Monetary Unions written by Source Wikipedia and published by University-Press.org. This book was released on 2013-09 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 54. Chapters: African Monetary Union, ASEAN Free Trade Area, Belgium-Luxembourg Economic Union, Caribbean guilder, Central African CFA franc, CFP franc, Common Monetary Area, Cooperation Council for the Arab States of the Gulf, Currency union, East African shilling, East Caribbean dollar, Economic and monetary union, Economic and Monetary Union of the European Union, Eco (currency), Germain Pirlot, History of the euro, Khaleeji (currency), Latin Monetary Union, Macroeconomic data in EMU, Napoleon (coin), North American currency union, Scandinavian Monetary Union, Snake in the tunnel, SUCRE, West African CFA franc. Excerpt: The euro (sign: code: EUR) is the currency used by the Institutions of the European Union and is the official currency of the eurozone, which consists of 17 of the 27 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries and consequently used daily by some 332 million Europeans. Additionally, more than 175 million people worldwide-including 150 million people in Africa-use currencies pegged to the euro. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of March 2013, with almost 920 billion in circulation, the euro has the highest combined value of banknotes and coins in circulation in the world, having surpassed the US dollar. Based on International Monetary Fund estimates of 2008 GDP and purchasing power parity among the various currencies, the eurozone is the second largest economy in the world. The name euro was officially adopted on 16 December 1995. The euro was introduced to world financial markets...

The CFA Franc Zone 10 Years After Devaluation

Author :
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (847 download)

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Book Synopsis The CFA Franc Zone 10 Years After Devaluation by :

Download or read book The CFA Franc Zone 10 Years After Devaluation written by and published by . This book was released on 2004 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Information Circular

Author :
Publisher :
ISBN 13 :
Total Pages : 534 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Information Circular by :

Download or read book Information Circular written by and published by . This book was released on 1925 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Fair Trade Scandal

Author : Ndongo Sylla
Publisher : Ohio University Press
ISBN 13 : 0821444891
Total Pages : 193 pages
Book Rating : 4.8/5 (214 download)

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Book Synopsis The Fair Trade Scandal by : Ndongo Sylla

Download or read book The Fair Trade Scandal written by Ndongo Sylla and published by Ohio University Press. This book was released on 2014-02-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This critical account of the fair trade movement explores the vast gap between the rhetoric of fair trade and its practical results for poor countries, particularly those of Africa. In the Global North, fair trade often is described as a revolutionary tool for transforming the lives of millions across the globe. The growth in sales for fair trade products has been dramatic in recent years, but most of the benefit has accrued to the already wealthy merchandisers at the top of the value chain rather than to the poor producers at the bottom. Ndongo Sylla has worked for Fairtrade International and offers an insider’s view of how fair trade improves—or doesn’t—the lot of the world’s poorest. His methodological framework first describes the hypotheses on which the fair trade movement is grounded before going on to examine critically the claims made by its proponents. By distinguishing local impact from global impact, Sylla exposes the inequity built into the system and the resulting misallocation of the fair trade premium paid by consumers. The Fair Trade Scandal is an empirically based critique of both fair trade and traditional free trade; it is the more important for exploring the problems of both from the perspective of the peoples of the Global South, the ostensible beneficiaries of the fair trade system.

Summary of Mining and Petroleum Laws of the World: Africa

Author : Northcutt Ely
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Summary of Mining and Petroleum Laws of the World: Africa by : Northcutt Ely

Download or read book Summary of Mining and Petroleum Laws of the World: Africa written by Northcutt Ely and published by . This book was released on 1970 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Africa and Economics

Author : Célestin Monga
Publisher :
ISBN 13 : 0199687102
Total Pages : 993 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis The Oxford Handbook of Africa and Economics by : Célestin Monga

Download or read book The Oxford Handbook of Africa and Economics written by Célestin Monga and published by . This book was released on 2015 with total page 993 pages. Available in PDF, EPUB and Kindle. Book excerpt: A popular myth about the travails of Africa holds that the continent's long history of poor economic performance reflects the inability of its leaders and policymakers to fulfill the long list of preconditions to be met before sustained growth can be achieved. These conditions are said to vary from the necessary quantity and quality of physical and human capital to the appropriate institutions and business environments. While intellectually charming and often elegantly formulated, that conventional wisdom is actually contradicted by historical evidence and common sense. It also suggests a form of intellectual mimicry that posits a unique path to prosperity for all countries regardless of their level of development and economic structure. In fact, the argument underlining that reasoning is tautological, and the policy prescriptions derived from it are fatally teleological: low-income countries are by definition those where such ingredients are missing. None of today's high-income countries started its growth process with the "required" and complete list of growth ingredients. Unless one truly believes that the continent of Africa-and most developing countries-are ruled predominantly if not exclusively by plutocrats with a high propensity for sadomasochism, the conventional view must be re-examined, debated, and questioned. This volume-the second of the lOxford Handbook of Africa and Economics-reassesses the economic policies and practices observed across the continent since independence. It offers a collection of analyses by some of the leading economists and development thinkers of our time, and reflects a wide range of perspectives and viewpoints. Africa's emergence as a potential economic powerhouse in the years and decades ahead amply justifies the scope and ambition of the book.

International Risk Sharing and Currency Unions

Author : Mr.Etienne B. Yehoue
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451861143
Total Pages : 0 pages
Book Rating : 4.8/5 (611 download)

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Book Synopsis International Risk Sharing and Currency Unions by : Mr.Etienne B. Yehoue

Download or read book International Risk Sharing and Currency Unions written by Mr.Etienne B. Yehoue and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-05-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC2 and the WAEMU3-during the period 1980-2000. I find that for the CEMAC, only about 15 percent of shocks to GDP are smoothed through the standard channels (that is, capital market, credit market, and remittances). On the other hand, I find that 44 percent of shocks are smoothed via foreign aid from France, and 5 percent via central bank contributions, while reserves pooling provides no shock smoothing. For the WAEMU, I find that only 13 percent of shocks are smoothed through the standard channels, while 63 percent are smoothed via foreign aid from France, 7 percent via central bank contributions, and no smoothing via reserves pooling. I compare these results with the risksharing pattern in the Unites States. I argue that creating public venture capital at a regional level might help promote free capital flows within each zone and alleviate the apparently insufficient degree of risk-sharing observed through the standard channels.

Summary of Mining and Petroleum Laws of the World

Author : Northcutt Ely
Publisher :
ISBN 13 :
Total Pages : 706 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Summary of Mining and Petroleum Laws of the World by : Northcutt Ely

Download or read book Summary of Mining and Petroleum Laws of the World written by Northcutt Ely and published by . This book was released on 1970 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary and Financial Systems in Africa

Author : Aloysius Ajab Amin
Publisher : Springer Nature
ISBN 13 : 3030962253
Total Pages : 449 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Monetary and Financial Systems in Africa by : Aloysius Ajab Amin

Download or read book Monetary and Financial Systems in Africa written by Aloysius Ajab Amin and published by Springer Nature. This book was released on 2022-05-26 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the monetary and financial systems seen in Africa. The issues related to these systems are examined to help evaluate their effectiveness in fostering the development of African economies. Economic integration is extensively discussed to highlight variations between different parts of Africa and the specific challenges seen within certain regions. The impact of monetary unions, in particular the CFA franc zone, on economic activities is also explored. This book aims to outline how sustainable development can be achieved in Africa through well-developed financial and monetary institutions and policies. It will be relevant to students, academics and policy makers interested in African and development economics.

Econometric Methods for Analyzing Economic Development

Author : Schaeffer, Peter V.
Publisher : IGI Global
ISBN 13 : 1466643307
Total Pages : 339 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Econometric Methods for Analyzing Economic Development by : Schaeffer, Peter V.

Download or read book Econometric Methods for Analyzing Economic Development written by Schaeffer, Peter V. and published by IGI Global. This book was released on 2013-07-31 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring and understanding the analysis of economic development is essential as global economies continue to experience extreme fluctuation. Econometrics brings together statistical methods for practical content and economic relations. Econometric Methods for Analyzing Economic Development is a comprehensive collection that focuses on various regions and their economies at a pivotal time when the majority of nations are struggling with stabilizing their economies. Outlining areas such as employment rates, utilization of natural resources, and regional impacts, this collection of research is an excellent tool for scholars, academics, and professionals looking to expand their knowledge on todays turbulent and changing economy.

Option-Implied Risk-Neutral Distributions and Risk Aversion

Author : Jens Carsten Jackwerth
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (95 download)

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Book Synopsis Option-Implied Risk-Neutral Distributions and Risk Aversion by : Jens Carsten Jackwerth

Download or read book Option-Implied Risk-Neutral Distributions and Risk Aversion written by Jens Carsten Jackwerth and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics for Investment Decision Makers

Author : Christopher D. Piros
Publisher : John Wiley & Sons
ISBN 13 : 1118416333
Total Pages : 16 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Economics for Investment Decision Makers by : Christopher D. Piros

Download or read book Economics for Investment Decision Makers written by Christopher D. Piros and published by John Wiley & Sons. This book was released on 2013-03-05 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics background investors need to interpret global economic news distilled to the essential elements: A tool of choice for investment decision-makers. Written by a distinguished academics and practitioners selected and guided by CFA Institute, the world’s largest association of finance professionals, Economics for Investment Decision Makers is unique in presenting microeconomics and macroeconomics with relevance to investors and investment analysts constantly in mind. The selection of fundamental topics is comprehensive, while coverage of topics such as international trade, foreign exchange markets, and currency exchange rate forecasting reflects global perspectives of pressing investor importance. Concise, plain-English introduction useful to investors and investment analysts Relevant to security analysis, industry analysis, country analysis, portfolio management, and capital market strategy Understand economic news and what it means All concepts defined and simply explained, no prior background in economics assumed Abundant examples and illustrations Global markets perspective