Estimating the Real Exchange Rate Misalignment : case of the cfa franc zone
AbstractIn cfa franc zone, the exchange rate was devalued, in 1994, in order to deal with the major macroeconomic imbalances that have affected the members during the 1980 decade. Thus, the aim of this paper is to know if this devaluation was relevant, and, in the sense that the devaluation is relevant only if the real exchange rate is overvalued, we will assess the degree of the real exchange rate misalignment in the cfa franc zone.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39614.
Date of creation: 21 Jun 2012
Date of revision:
equilibrium real exchange rate; cfa franc zone;
Find related papers by JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- F31 - International Economics - - International Finance - - - Foreign Exchange
This paper has been announced in the following NEP Reports:
- NEP-AFR-2012-07-01 (Africa)
- NEP-ALL-2012-07-01 (All new papers)
- NEP-CBA-2012-07-01 (Central Banking)
- NEP-MON-2012-07-01 (Monetary Economics)
- NEP-OPM-2012-07-01 (Open Economy Macroeconomics)
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