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Fixed Exchange Rates and the Autonomy of Monetary Policy

Fixed Exchange Rates and the Autonomy of Monetary Policy »

Source: Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case

Volume/Issue: 2007/34

Series: IMF Working Papers

Author(s): Romain Veyrune

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

ISBN: 9781451865981

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...

Fixed Exchange Rates and the Autonomy of Monetary Policy
			: The Franc Zone Case

Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case »

Volume/Issue: 2007/34

Series: IMF Working Papers

Author(s): Romain Veyrune

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

DOI: http://dx.doi.org/10.5089/9781451865981.001

ISBN: 9781451865981

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...