Front Matter Page
INS
Authorized for distribution by Marc Quintyn
Contents
I. Introduction
II. An Overview of Economic Performance in the Franc Zone
A. Inflation
B. Intra-Franc Zone Trade
C. Fiscal Discipline
D. Pattern of Risk Sharing
III. Exchanges with France
A. Aid
B. Trade
IV. Summary and Discussions of the Results
V. Concluding Remarks
References
Tables
1a. CFA Franc Zone Countries’ Mean Annual Inflation Rate, 1960–2004
1b. Non-CFA Franc Zone Countries’ Mean Annual Inflation Rate, 1960–2004
2a. CFA Franc Zone Countries’ Inflation Rate Variability, 1960–2004
2b. Non-CFA Franc Zone Countries’ Inflation Rate Variability, 1960–2004
3a. Average Ratio of Trade with CEMAC-to-Total Trade, 1960–2004
3b. Average Ratio of Trade with WAEMU-to-Total Trade, 1960–2004
3c. Average Ratio of Trade with CFA-to-Total Trade, 1960–2004
4a. CEMAC’s Fiscal Performance
4b. WAEMU’s Fiscal Performance
4c. CFA Franc Zone’s Fiscal Performance
4d. Non CFA’s Fiscal Performance
5. Ranking of Annual Average Aid from France per capita, by Recipient, 1960–2004
6. 5-Year Average Ratio of France’s Exports to CFA-to-World’s Export to CFA, 1960–2004
Figures
1. Petroleum, Spot - Average Crude Price Index
2a. 5-Year Average of Aggregate Aid from France to CEMAC
2b. 5-Year Average of Aggregate Aid from France to WAEMU
3a. Real Flows of Official Development Assistance to CEMAC, 1960–2004
3a. Real Flows of Official Development Assistance to WAEMU, 1960–2004
Appendix: Methodology for Estimating the Degree of Risk Sharing via Different Channels