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Aftermath of the CFA Franc Devaluation

Aftermath of the CFA Franc Devaluation »

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

DOI: http://dx.doi.org/10.5089/9781557755612.084

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers descri...

Back Matter

Back Matter »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers descri...

Front Matter

Front Matter »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers descri...

Annex I Statistical Tables

Annex I Statistical Tables »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Table 3. Nominal GDP, 1990–96 (Annual percentage changes)...

Annex II Economic Integration Within the Two Unions of the CFA Franc Zone

Annex II Economic Integration Within the Two Unions of the CFA Franc Zone »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Economic and Monetary Unions 1 Institutional Aspects The devaluation of the CFA franc in January 1994 wa...

Annex III Monetary Policy and Banking Supervision in the Two Unions of the CFA Franc Zone

Annex III Monetary Policy and Banking Supervision in the Two Unions of the CFA Franc Zone »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Monetary policy in the CFA franc zone is governed by the regional monetary arrangements in force within the WAEMU and CAEMC. Both unions have a common currency—the CFA franc—that is...

Annex IV Fund Technical Assistance to CFA Franc Countries

Annex IV Fund Technical Assistance to CFA Franc Countries »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

The table on the following pages provides details of technical assistance provided by the International Monetary Fund to the member countries of the CFA franc zone during the period...

Annex V World Bank Group Technical Assistance to CFA Franc Countries

Annex V World Bank Group Technical Assistance to CFA Franc Countries »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Since fiscal year 1990, the World Bank Group has provided support for improving economic management under the following technical assistance operations (to September 1995)....

I Introduction and Background

I Introduction and Background »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Since its creation almost 50 years ago, the CFA franc zone has on balance served its members well. 1 The common currency, the CFA franc, has been freely convertible into French fr...

II Modified Adjustment Strategy

II Modified Adjustment Strategy »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Policy Framework The realignment of the CFA franc parity in terms of the French franc in January 1994 represented a key modification of the adjustment strategy followed until then to...