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Inflation and monetary policy in selected West and Central African countries


  • Savvides, Andreas


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  • Savvides, Andreas, 1998. "Inflation and monetary policy in selected West and Central African countries," World Development, Elsevier, vol. 26(5), pages 809-827, May.
  • Handle: RePEc:eee:wdevel:v:26:y:1998:i:5:p:809-827

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    References listed on IDEAS

    1. James M. Boughton, 1991. "The CFA Franc Zone; Currency Union and Monetary Standard," IMF Working Papers 91/133, International Monetary Fund.
    2. Fry, Maxwell J., 1993. "Foreign debt accumulation: financial and fiscal effects and monetary policy reactions in developing countries," Journal of International Money and Finance, Elsevier, vol. 12(4), pages 347-367, August.
    3. William Easterly & Ross Levine, 1997. "Africa's Growth Tragedy: Policies and Ethnic Divisions," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1203-1250.
    4. Savvides, Andreas, 1995. "Economic growth in Africa," World Development, Elsevier, vol. 23(3), pages 449-458, March.
    5. Alan C. Stockman, 1993. "International Transmission under Bretton Woods," NBER Chapters,in: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, pages 317-356 National Bureau of Economic Research, Inc.
    6. Kamas, Linda, 1985. "External disturbances and the independence of monetary policy under the crawling peg in Colombia," Journal of International Economics, Elsevier, vol. 19(3-4), pages 313-327, November.
    7. Robert J. Corker & Wanda S Tseng, 1991. "Financial Liberalization, Money Demand, and Monetary Policy in Asian Countries," IMF Occasional Papers 84, International Monetary Fund.
    8. Porzecanski, Arturo C, 1979. "Patterns of Monetary Policy in Latin America," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(4), pages 427-437, November.
    9. Sebastian Edwards, 1993. "Exchange Rates, Inflation and Disinflation: Latin American Experiences," NBER Working Papers 4320, National Bureau of Economic Research, Inc.
    10. Devarajan, Shantayanan & de Melo, Jaime, 1990. "Membership in the CFA zone : Odyssean journey or Trojan horse?," Policy Research Working Paper Series 482, The World Bank.
    11. Daniel M. Laskar, 1983. "Short-Run Independence of Monetary Policy under a Pegged Exchange-Rates System: An Econometric Approach," NBER Chapters,in: The International Transmission of Inflation, pages 314-348 National Bureau of Economic Research, Inc.
    12. Honohan, Patrick, 1990. "Monetary cooperation in the CFA zone," Policy Research Working Paper Series 389, The World Bank.
    13. Honohan, Patrick, 1992. "Price and monetary convergence in currency unions: The franc and rand zones," Journal of International Money and Finance, Elsevier, vol. 11(4), pages 397-410, August.
    14. Kamas, Linda, 1995. "Monetary policy and inflation under the crawling peg: Some evidence from VARs for Colombia," Journal of Development Economics, Elsevier, vol. 46(1), pages 145-161, February.
    15. Kouri, Pentti J K & Porter, Michael G, 1974. "International Capital Flows and Portfolio Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 443-467, May/June.
    16. Sebastian Edwards & Fernando J. Losada, 1994. "Fixed Exchange Rates, Inflation and Macroeconomic Discipline," NBER Working Papers 4661, National Bureau of Economic Research, Inc.
    17. Jebuni, C. D. & Oduro, A. D. & Tutu, K. A., 1994. "Trade and payments regime and the balance of payments in Ghana," World Development, Elsevier, vol. 22(8), pages 1161-1173, August.
    18. Peter J Montiel & Bijan B. Aghevli & Mohsin S. Khan, 1991. "Exchange Rate Policy in Developing Countries; Some Analytical Issues," IMF Occasional Papers 78, International Monetary Fund.
    19. Laney, Leroy O. & Willett, Thomas D., 1982. "The international liquidity explosion and worldwide inflation: The evidence from sterilization coefficient estimates," Journal of International Money and Finance, Elsevier, vol. 1(1), pages 141-152, January.
    20. Elbadawi, Ibrahim & Majd, Nader, 1992. "Fixed parity of the exchange rate and economic performance in the CFA zone : a comparative study," Policy Research Working Paper Series 830, The World Bank.
    21. Conway, Patrick & Greene, Joshua, 1993. "Is Africa different?," World Development, Elsevier, vol. 21(12), pages 2017-2028, December.
    22. Kamas, Linda, 1986. "The Balance of Payments Offset to Monetary Policy: Monetarist, Portfolio Balance, and Keynesian Estimates for Mexico and Venezuela," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(4), pages 467-481, November.
    23. Amemiya, Takeshi, 1977. "The Maximum Likelihood and the Nonlinear Three-Stage Least Squares Estimator in the General Nonlinear Simultaneous Equation Model," Econometrica, Econometric Society, vol. 45(4), pages 955-968, May.
    24. Sowa, Nii Kwaku, 1994. "Fiscal deficits, output growth and inflation targets in Ghana," World Development, Elsevier, vol. 22(8), pages 1105-1117, August.
    25. Allechi, M'Bet & Niamkey, Madeleine A., 1994. "Evaluating the net gains from the CFA Franc Zone membership: A different perspective," World Development, Elsevier, vol. 22(8), pages 1147-1160, August.
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    Cited by:

    1. Ozgur ASLAN & H. Levent KORAP, 2007. "Monetary Transmission Mechanism In An Open Economy Framework: The Case Of Turkey," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 5(1), pages 41-66, May.
    2. Gilles DUFRÉNOT, 2009. "Credit Policy Stress In The West African Economic And Monetary Union," The Developing Economies, Institute of Developing Economies, vol. 47(4), pages 410-435.
    3. Waheed, Muhammad, 2010. "Foreign exchange intervention and sterilization: an investigation of State Bank of Pakistan’s Reaction Function," MPRA Paper 33161, University Library of Munich, Germany.
    4. Shortl, Anja & Stasavage, David, 2004. "Monetary Policy in the Franc Zone: Estimating Interest Rate Rulesfor the BCEAO," WIDER Working Paper Series 020, World Institute for Development Economic Research (UNU-WIDER).
    5. Shortl, Anja & Stasavage, David, 2004. "Monetary Policy in the CFA Zone: Country-level Credit Policy," WIDER Working Paper Series 015, World Institute for Development Economic Research (UNU-WIDER).
    6. Ghatak, Subrata & Moore, Tomoe, 2008. "Monetary policy rules for transition economies: an empirical analysis," Economics Discussion Papers 2008-5, School of Economics, Kingston University London.
    7. Lim, Ewe Ghee & Goh, SooKhoon, 2011. "Is Malaysia exempted from impossible trinity: empirical evidence from 1991-2009," MPRA Paper 30804, University Library of Munich, Germany.
    8. Magnus Saxegaard, 2006. "Excess Liquidity and Effectiveness of Monetary Policy; Evidence from Sub-Saharan Africa," IMF Working Papers 06/115, International Monetary Fund.

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