Commodity Shocks and External Currency Stability : An Empirical Evidence from CEMAC
[Chocs sur les produits de base et stabilité externe de la monnaie : une évidence empirique en CEMAC]
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://hal.science/hal-04273963v1
Download full text from publisher
References listed on IDEAS
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009.
"Varieties of Crises and Their Dates,"
Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly,
Princeton University Press.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973.
- Reinhart, Carmen, 2009. "The Second Great Contraction," MPRA Paper 21485, University Library of Munich, Germany.
- Goodfriend, Marvin, 2001.
"Financial Stability, Deflation, and Monetary Policy,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 143-167, February.
- Marvin Goodfriend, 2001. "Financial stability, deflation, and monetary policy," Working Paper 01-01, Federal Reserve Bank of Richmond.
- Obstfeld, Maurice, 1996.
"Models of currency crises with self-fulfilling features,"
European Economic Review, Elsevier, vol. 40(3-5), pages 1037-1047, April.
- Maurice Obstfeld, 1995. "Models of Currency Crises with Self-Fulfilling Features," NBER Working Papers 5285, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 1996. "Models of Currency Crises with Self-fulfilling Features," CEPR Discussion Papers 1315, C.E.P.R. Discussion Papers.
- Olivier Cadot & Jaime de Melo & Patrick Plane & Laurent Wagner & Martha Tesfaye Woldemichael, 2016.
"Industrialisation et transformation structurelle : l’Afrique subsaharienne peut-elle se développer sans usines ?,"
Revue d’économie du développement, De Boeck Université, vol. 24(2), pages 19-49.
- Olivier CADOT & Jaime DE MELO & Patrick PLANE & Laurent WAGNER & Martha Tesfaye WOLDEMICHAEL, 2015. "Industrialisation et transformation structurelle : l’Afrique sub-saharienne peut-elle se développer sans usines ?," Working Papers P143, FERDI.
- Olivier Cadot & Jaime de Melo & Patrick Plane & Laurent Wagner & Martha Tesfaye Woldemichael, 2016. "Industrialisation et transformation structurelle : l’Afrique subsaharienne peut-elle se développer sans usines ?," Post-Print hal-02138850, HAL.
- Olivier Cadot & Jaime de Melo & Patrick Plane & Laurent Wagner & Martha Tesfaye Woldemichael, 2015. "Industrialisation et transformation structurelle : l'Afrique sub-saharienne peut-elle se développer sans usines ?," Working Papers halshs-02136699, HAL.
- repec:rnp:ecopol:09111 is not listed on IDEAS
- Désiré Avo & Sylvie Marie-Louise Eyeffa Ekomo, 2007. "Quinze ans de restructuration bancaire dans la CEMAC : qu’avons-nous appris ?," Revue d'Économie Financière, Programme National Persée, vol. 89(3), pages 183-205.
- Fabrice Collard & Patrick Fève, 2008.
"Modèles VAR ou DSGE : que choisir ?,"
Economie & Prévision, La Documentation Française, vol. 0(2), pages 153-174.
- Patrick Fève & Fabrice Collard, 2008. "Modèles VAR ou DSGE : que choisir ?," Économie et Prévision, Programme National Persée, vol. 183(2), pages 153-174.
- Léonce Ndikumana & Adam Elhiraika, 2007. "Reserves Accumulation in African Countries: Sources, Motivations, and Effects," UMASS Amherst Economics Working Papers 2007-12, University of Massachusetts Amherst, Department of Economics.
- Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
- Blaise Gnimassoun, 2012. "Mésalignements du franc CFA et influence de la monnaie ancre," Economie & Prévision, La Documentation Française, vol. 0(2), pages 91-119.
- Flood, Robert P. & Garber, Peter M., 1984. "Collapsing exchange-rate regimes : Some linear examples," Journal of International Economics, Elsevier, vol. 17(1-2), pages 1-13, August.
- Enrique Gelbard & Anne-Marie Gulde & Rodolfo Maino, 2014. "Développement financier en Afrique subsaharienne : les enjeux pour une croissance soutenue," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 19-42.
- Lant Pritchett & Mary Hallward-Driemeier, 2010.
"How Business is Done and the 'Doing Business' Indicators: The Investment Climate when Firms have Climate Control,"
CID Working Papers
211, Center for International Development at Harvard University.
- Hallward-Driemeier, Mary & Pritchett, Lant, 2011. "How business is done and the'doing business'indicators : the investment climate when firms have climate control," Policy Research Working Paper Series 5563, The World Bank.
- Azam, Jean-Paul, 1997. "Public Debt and the Exchange Rate in the CFA France Zone," Journal of African Economies, Centre for the Study of African Economies, vol. 6(1), pages 54-84, March.
- Mr. Romain Ranciere & Mr. Olivier D Jeanne, 2006. "The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications," IMF Working Papers 2006/229, International Monetary Fund.
- Barry Eichengreen, 2008. "The Real Exchange Rate and Economic Growth," World Bank Publications - Books, The World Bank Group, number 28013, April.
- repec:dau:papers:123456789/7875 is not listed on IDEAS
- Mr. Mario de Zamaroczy & Mr. Vincent Fleuriet & Mr. Jose G Gijon, 2018. "Central African Economic and Monetary Community: A New Medium-Term Approach for International Reserve Management," IMF Departmental Papers / Policy Papers 2018/015, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Karl Whelan, 2013.
"Sovereign default and the euro,"
Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(3), pages 478-501, AUTUMN.
- Karl Whelan, 2013. "Sovereign Default and the Euro," Working Papers 201309, School of Economics, University College Dublin.
- Yu-Fu Chen & Michael Funke, 2017.
"Greece’s Three-Act Tragedy: A Simple Model of Grexit vs. Staying Afloat inside the Single Currency Area,"
Open Economies Review, Springer, vol. 28(2), pages 297-318, April.
- Yu-Fu Chen & Michael Funke, 2015. "Greece's Three-Act Tragedy: A Simple Model of Grexit vs. Staying Afloat inside the Single Currency Area," CESifo Working Paper Series 5677, CESifo.
- Croitoru, Lucian, 2013. "Liquidity, the October 2008 Speculative Attack and the Central Bank Reputation," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 18-51, June.
- Rui Esteves, 2011. "The Political Economy of Global Financial Liberalisation in Historical Perspective," Oxford Economic and Social History Working Papers _089, University of Oxford, Department of Economics.
- Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126, Decembrie.
- Rui P. Esteves, 2011.
"The Political Economy of Global Financial Liberalisation in Historical Perspective,"
Oxford University Economic and Social History Series
_089, Economics Group, Nuffield College, University of Oxford.
- Rui Esteves, 2011. "The Political Economy of Global Financial Liberalisation in Historical Perspective," Economics Series Working Papers Number 89, University of Oxford, Department of Economics.
- Scott, Andrew & Uhlig, Harald, 1999.
"Fickle investors: An impediment to growth?,"
European Economic Review, Elsevier, vol. 43(7), pages 1345-1370, June.
- Scott, A. & Uhlig, H.F.H.V.S., 1998. "Fickle Investors : An Impediment to Growth?," Discussion Paper 1998-134, Tilburg University, Center for Economic Research.
- Andrew Scott & Harald Uhlig, 1999. "Fickle Investors: An Impediment to Growth," CEP Discussion Papers dp0415, Centre for Economic Performance, LSE.
- Scott, A. & Uhlig, H.F.H.V.S., 1998. "Fickle Investors : An Impediment to Growth?," Other publications TiSEM f177cd30-1268-410e-b52b-d, Tilburg University, School of Economics and Management.
- Scott, Andrew & Uhlig, Harald, 1999. "Fickle Investors: an Impediment to Growth?," CEPR Discussion Papers 2071, C.E.P.R. Discussion Papers.
- Eijffinger Sylvester C. W. & Goderis Benedikt, 2007.
"Currency Crises, Monetary Policy and Corporate Balance Sheets,"
German Economic Review, De Gruyter, vol. 8(3), pages 309-343, August.
- Sylvester C. W. Eijffinger & Benedikt Goderis, 2007. "Currency Crises, Monetary Policy and Corporate Balance Sheets," German Economic Review, Verein für Socialpolitik, vol. 8(3), pages 309-343, August.
- Chanelle Duley & Prasanna Gai, 2020. "When the penny doesn't drop - Macroeconomic tail risk and currency crises," National Institute of Economic and Social Research (NIESR) Discussion Papers 520, National Institute of Economic and Social Research.
- Stijn Claessens & M. Ayhan Kose, 2013.
"Financial Crises: Explanations, Types and Implications,"
CAMA Working Papers
2013-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
- Mr. Stijn Claessens & Mr. Ayhan Kose, 2013. "Financial Crises Explanations, Types, and Implications," IMF Working Papers 2013/028, International Monetary Fund.
- Mohammad Karimi & Marcel‐Cristian Voia, 2019.
"Empirics of currency crises: A duration analysis approach,"
Review of Financial Economics, John Wiley & Sons, vol. 37(3), pages 428-449, July.
- Mohammad Karimi & Marcel-Cristian Voia, 2011. "Empirics of Currency Crises: A Duration Analysis Approach," Carleton Economic Papers 11-11, Carleton University, Department of Economics.
- Mohammad Karimi & Marcel-Cristian Voia, 2019. "Empirics of currency crises: A duration analysis approach," Post-Print hal-03528952, HAL.
- Joshua Aizenman & Brian Pinto, 2013.
"Managing Financial Integration and Capital Mobility—Policy Lessons from the Past Two Decades,"
Review of International Economics, Wiley Blackwell, vol. 21(4), pages 636-653, September.
- Aizenman, Joshua & Pinto, Brian, 2011. "Managing financial integration and capital mobility -- policy lessons from the past two decades," Policy Research Working Paper Series 5786, The World Bank.
- Aizenman, Joshua & Pinto, Brian, 2011. "Managing Financial Integration and Capital Mobility— Policy lessons from the past two decades," Santa Cruz Department of Economics, Working Paper Series qt9j53m1tp, Department of Economics, UC Santa Cruz.
- Andre Cartapanis, 2004. "Le declenchement des crises de change : qu'avons-nous appris depuis dix ans ?," Economie Internationale, CEPII research center, issue 97, pages 5-48.
- Nakatani, Ryota, 2017. "Structural vulnerability and resilience to currency crisis: Foreign currency debt versus export," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 132-143.
- Ebrahimi Kahou, Mahdi & Lehar, Alfred, 2017.
"Macroprudential policy: A review,"
Journal of Financial Stability, Elsevier, vol. 29(C), pages 92-105.
- Mahdi Ebrahimi Kahou & Alfred Lehar, 2015. "Macroprudential Policy: A Review," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 8(34), October.
- Giancarlo Corsetti & Bartosz Maćkowiak, 2024.
"Gambling to Preserve Price (and Fiscal) Stability,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 32-57, March.
- Corsetti, Giancarlo & Mackowiak, Bartosz, 2022. "Gambling to Preserve Price (and Fiscal) Stability," CEPR Discussion Papers 17588, C.E.P.R. Discussion Papers.
- Corsetti, Giancarlo & Maćkowiak, Bartosz, 2023. "Gambling to preserve price (and fiscal) stability," Working Paper Series 2844, European Central Bank.
- Giancarlo Corsetti & Bartosz Maćkowiak, 2023. "Gambling to Preserve Price (and Fiscal) Stability," RSCAS Working Papers 2022/72, European University Institute.
- Cruz-Rodríguez Alexis, 2013.
"The Relationship between Fiscal Sustainability and Currency Crises in Some Selected Countries,"
Review of Economic Perspectives, Sciendo, vol. 13(4), pages 176-194, December.
- Cruz-Rodríguez, Alexis, 2013. "The Relationship between Fiscal Sustainability and Currency Crises in Some Selected Countries," MPRA Paper 72102, University Library of Munich, Germany.
- Ari, Ali, 2008.
"An Early Warning Signals Approach for Currency Crises: The Turkish Case,"
MPRA Paper
25858, University Library of Munich, Germany, revised 2009.
- Ali ARI, 2009. "An Early Warning Signals Approach to the Currency Crises: The Turkish Case," 2009 Meeting Papers 1045, Society for Economic Dynamics.
- Mateusz Szczurek, 2006.
"Exchange Rate Regimes and Nominal Convergence,"
Springer Books, in: Marek Dabrowski & Jacek Rostowski (ed.), The Eastern Enlargement of the Eurozone, chapter 0, pages 91-111,
Springer.
- Mateusz Szczurek, 2003. "Exchange Rate Regimes and the Nominal Convergence," CASE Network Studies and Analyses 0266, CASE-Center for Social and Economic Research.
- Miksjuk Alexei, 2009. "Studying the Relation between the Interest Rates and the Exchange Rate in Belarus under the Speculative Motives Assumption," EERC Working Paper Series 09/07e, EERC Research Network, Russia and CIS.
More about this item
Keywords
Money external stability; Foreign exchange reserves; ECR; CEMAC; Panel-VAR; E5; G01; N1; N2; Stabilité extérieure de la monnaie; Réserves de change; TCE; panel-VAR; Money external stability Foreign exchange reserves ECR CEMAC Panel-VAR Classification JEL : C58 C23 E44 E5 G01 N1 N2; Panel-VAR Classification JEL : C58; C23; E44;All these keywords.
JEL classification:
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- G01 - Financial Economics - - General - - - Financial Crises
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N2 - Economic History - - Financial Markets and Institutions
- C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- G01 - Financial Economics - - General - - - Financial Crises
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N2 - Economic History - - Financial Markets and Institutions
- C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CIS-2023-12-11 (Confederation of Independent States)
Statistics
Access and download statisticsCorrections
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:hal:journl:hal-04273963. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.