IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_2012_num_200_2_8108.html
   My bibliography  Save this article

Mésalignements du franc CFA et influence de la monnaie ancre

Author

Listed:
  • Blaise Gnimassoun

Abstract

[eng] Misalignments of the CFA Franc and Influence of the Anchor Currency. . The euro’s appreciation in the 2000s has revived the debate on the future of the CFA franc. In this paper, we study howthe economic fundamentals of the CFA zone interacted with the evolution of the anchor currency over the 1980-2009 period to form the CFA franc’s real effective exchange rate. We assess the respective impacts of fundamentals and euro trends on CFA franc misalignments and hence on the price competitiveness of the region and its constituent countries. Relying on recent panel cointegration methods, we identify three episodes in which the anchor currency and CFA-zone fundamentals have had relatively differing effects. [fre] L’appréciation de l’euro au cours de la décennie 2000 a ravivé le débat sur le devenir du franc CFA. Dans cet article, nous étudions comment les effets combinés des fondamentaux économiques de la zone CFA ont interagi avec l’évolution de la monnaie ancre sur la période 1980-2009 pour former le taux de change effectif réel du franc CFA. Nous étudions les rôles relatifs des uns et de l’autre dans les mésalignements du franc CFA et dans la compétitivité-prix de la zone et de ses pays constitutifs. Sur la base des techniques récentes de la cointégration en panel, nous identifions trois épisodes au cours desquels la monnaie ancre et les fondamentaux de la zone CFA ont joué des rôles plus ou moins importants.

Suggested Citation

  • Blaise Gnimassoun, 2012. "Mésalignements du franc CFA et influence de la monnaie ancre," Économie et Prévision, Programme National Persée, vol. 200(2), pages 91-119.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2012_num_200_2_8108
    DOI: 10.3406/ecop.2012.8108
    Note: DOI:10.3406/ecop.2012.8108
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.2012.8108
    Download Restriction: no
    File URL: https://www.persee.fr/doc/ecop_0249-4744_2012_num_200_2_8108
    Download Restriction: no
    File URL: https://libkey.io/10.3406/ecop.2012.8108?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zameelah Khan Jaffur & Boopen Seetanah & Noor-Ul-Hacq Sookia, 2020. "A cross-country analysis of the determinants of the real effective exchange rate in fifteen Sub-Saharan African countries," Economics Bulletin, AccessEcon, vol. 40(2), pages 1686-1697.
    2. BIKAI, J. Landry & OWOUNDI F., Ferdinand, 2016. "Does the choice of an exchange rate regime limits exchange rate misalignments? The example of sub-Saharan African countries," MPRA Paper 89110, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_2012_num_200_2_8108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecop .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.