Front Matter Page
IMF Institute
Authorized for distribution by Roland Daumont
Contents
1. Introduction
II. Theoretical Background
A. A Simple Model
B. Decomposition of the Cross-Sectional Variance of GDP
Risk-Sharing Through CFA-zone Institutions
III. Data Description, Sources, and Estimation Technique
IV. Results and Discussion
A. Empirical Results and Analysis
B. Discussion
V. Conclusions
References
Tables
1a. Income and Consumption Smoothing by National Accounts Categories for the CEMAC
1b. Income and Consumption Smoothing by National Accounts Categories for the WAEMU
2. Income and Consumption Smoothing Among EC and OECD Countries and Among U.S. States
3. Reserves Regression for CFA Zones
4a. Income and Consumption Smoothing by CFA-Specific Institutions for the CEMAC
4b. Income and Consumption Smoothing by CFA-Specific Institutions for WAEMU