The role of the euro in Sub-Saharan Africa and in the CFA franc zone
The paper analyses different aspects of the role that the euro is currently playing in sub-Saharan Africa (SSA) and in the CFA franc zone of West and Central Africa. As similar contributions on the role of the euro in other global regions, it served as background information for the analysis of the European Commission on the international role of the euro for the assessment of 10 years of European Economic and Monetary Union ("EMU@10"). The paper examines the role of the euro as an international currency in Sub-Saharan Africa, assesses the effects that the CFA franc's peg to the euro had on macroeconomic stability, trade integration and international competitiveness of the CFA franc zone, and finally looks at how the EU's multilateral surveillance framework served as a blueprint for multilateral surveillance in the CFA franc zone.
|Date of creation:||Nov 2008|
|Contact details of provider:|| Postal: Inter-institutional relations and communication Unit, B-1049 Brussels|
Fax: +32 2 298.08.23
Web page: http://ec.europa.eu/economy_finance/index_en.htm
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yasser Abdih & Charalambos Tsangarides, 2010.
"FEER for the CFA franc,"
Taylor & Francis Journals, vol. 42(16), pages 2009-2029.
- Kamps, Annette, 2006. "The euro as invoicing currency in international trade," Working Paper Series 0665, European Central Bank.
- Tsangarides, Charalambos G. & Qureshi, Mahvash Saeed, 2008. "Monetary Union Membership in West Africa: A Cluster Analysis," World Development, Elsevier, vol. 36(7), pages 1261-1279, July.
When requesting a correction, please mention this item's handle: RePEc:euf:ecopap:0347. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ECFIN INFO)
If references are entirely missing, you can add them using this form.