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Reformes Monétaires Et Croissance Économique En Zone Cemac
[Monetary Reforms And Economic Growth In Cemac Zone]

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  • Mallaye, Douzounet

Abstract

The aim of this study is to analyse the effects of monetary reform on economic growth in the CEMAC zone. Indeed, in 16th October 1990, the governments concerned liberalised the financial sector, softened their monetary policies, restructured the banks and adopted new prudential regulation within the context of structural adjustment plans recommended by the Bretton Wood institutions. In this way, we assess the impact of monetary liberalization policy on economic growth during the period 1990-2003. Using recent panel data regressions, the results exhibit a mitigated effect of the relation between the monetary liberalization policy and the economic growth a long run. Thus, one can imagine the possibility to implement the important conditions of the success of monetary reform.

Suggested Citation

  • Mallaye, Douzounet, 2009. "Reformes Monétaires Et Croissance Économique En Zone Cemac [Monetary Reforms And Economic Growth In Cemac Zone]," MPRA Paper 19621, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19621
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth monetary reform monetary policy CEMAC panel data;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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