Series: IMF Working Papers
Author(s): Romain Veyrune
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2007
Keywords: franc zone, fixed exchange rate, exchange rate, money supply, Cfa Franc,
This paper compares monetary policy of currency boards with that of the franc zone during the period 1956-2005. It concludes that monetary policy in the zone was more autonomous than under a currency board, even th...