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Marchés parallèles et convertibilité : analyse théorique avec références aux économies africaines

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  • Jean-Paul Azam

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[fre] Marchés parallèles et convertibilité. Analyse théorique avec références aux économies africaines. . On étudie un modèle avec des marchés parallèles dus à divers contrôles de l'État sur les marchés. Son équilibre général détermine simultanément le taux de change parallèle (ou dans le cas convertible la balance des paiements parallèles) et le prix marginal des biens importés. On étudie diverses politiques d'ajustement dans ce cadre, en montrant les différences qu'entraîné la convertibilité de la monnaie locale. [eng] Parallel markets and convertibility : theory with references to african economies. . A model is analysed with parallel markets due to various state controls on markets. Its general equilibrium determines simultaneously the parallel exchange rate (or in the convertible case the parallel balance of payments) and the marginal price of imported goods. In this framework, various adjustment policies are studied, showing the differences entailed by convertibility of the local currency.

Suggested Citation

  • Jean-Paul Azam, 1991. "Marchés parallèles et convertibilité : analyse théorique avec références aux économies africaines," Revue Économique, Programme National Persée, vol. 42(1), pages 75-94.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_1_409265
    DOI: 10.3406/reco.1991.409265
    Note: DOI:10.3406/reco.1991.409265
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    1. Shantayanan Devarajan & Jaime de Melo, 2015. "Adjustment with a Fixed Exchange Rate: Cameroon, Côte d'Ivoire, and Senegal," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 4, pages 83-123, World Scientific Publishing Co. Pte. Ltd..
    2. Guillaumont, Patrick & Guillaumont, Sylviane & Plane, Patrick, 1988. "Participating in African monetary unions: An alternative evaluation," World Development, Elsevier, vol. 16(5), pages 569-576, May.
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    5. Devarajan, Shantayanan & de Melo, Jaime, 1987. "Evaluating participation in African monetary unions: A statistical analysis of the CFA Zones," World Development, Elsevier, vol. 15(4), pages 483-496, April.
    6. François-Régis Mahieu, 1989. "Principes économiques et sociétés africaines," Revue Tiers Monde, Programme National Persée, vol. 30(120), pages 725-753.
    7. Hill,Polly, 1986. "Development Economics on Trial," Cambridge Books, Cambridge University Press, number 9780521310963.
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    Cited by:

    1. Cécile Daubrée, 1994. "Analyse micro-économique de la contrebande et de la fraude documentaire, avec références aux économies africaines," Revue Économique, Programme National Persée, vol. 45(2), pages 165-192.

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