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De l'effectivité de la dévaluation des francs CFA. Quelques enseignements tirés du Cameroun et de la Côte-d'Ivoire

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  • Patrick Guillaumont
  • Sylviane Guillaumont Jeanneney

Abstract

[fre] Il est soutenu dans cet article que l'effectivité de la dévaluation, contrairement à ce que laisse penser l'évolution des taux de change effectifs réels, a été plus forte au Cameroun qu'en Côte-d'Ivoire. Cette conclusion repose sur la prise en compte de l'évolution des salaires, des prix internationaux, du cours du change des pays voisins, de la politique fiscale-douanière et de l'importance du commerce extérieur informel. [eng] This article argues that the effectiveness of the CFA francs devaluation was greater in Cameroon than in Cote d'Ivoire unlike the opinion which is generaly drawn from the evolution of the real effective exchange rates. This conclusion is based on the change of wages, international prices, neighborough's exchange rates, internal and external taxes and on the size of informal trade.

Suggested Citation

  • Patrick Guillaumont & Sylviane Guillaumont Jeanneney, 1997. "De l'effectivité de la dévaluation des francs CFA. Quelques enseignements tirés du Cameroun et de la Côte-d'Ivoire," Revue Économique, Programme National Persée, vol. 48(3), pages 451-460.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1997_num_48_3_409886
    Note: DOI:10.3406/reco.1997.409886
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    Cited by:

    1. Ngongang, Elie, 2011. "Impact of Exchange Rate Policy on the Trade of Industrial Products in Sub-Saharan Africa from 1975 to 2007," Review of Applied Economics, Review of Applied Economics, vol. 7(1-2).

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