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Pertinence de la dévaluation du Franc CFA de janvier 1994 : Une évaluation par le taux de change réel d’équilibre. Cas de l’économie camerounaise
[Relevance of the CFA France devaluation in January 1994: An evaluation by the real exchange rate equilibrium. The case of Cameroon]

Author

Listed:
  • Bouoiyour, jamal
  • Kuikeu, Oscar

Abstract

In this paper, we estimate, over the period 1980 – 2001, in annual data, the size of distortion (misalignment), of Cameroon’s real exchange rate. This, in the goal to judge relevance of the decision of January 11, 1994, to devaluate of 50% Franc CFA (Fcfa) compared to the French franc (FF). Our results seem to confirm the idea established well today in the literature, of Fcfa overall overvalued during the period having preceded the devaluation.

Suggested Citation

  • Bouoiyour, jamal & Kuikeu, Oscar, 2007. "Pertinence de la dévaluation du Franc CFA de janvier 1994 : Une évaluation par le taux de change réel d’équilibre. Cas de l’économie camerounaise
    [Relevance of the CFA France devaluation in January
    ," MPRA Paper 31357, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:31357
    as

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    File URL: https://mpra.ub.uni-muenchen.de/31357/1/MPRA_paper_31357.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Kuikeu, Oscar, 2011. "Arguments contre la zone franc
      [Against the cfa franc zone]
      ," MPRA Paper 33710, University Library of Munich, Germany.
    2. Claude Aline Zobo, 2014. "European Crisis and Sustainability of the CFA Franc Fixity to Euro," The Journal of European Theoretical and Applied Studies, The Center for European Studies at Kirklareli University - Turkey, vol. 2(2), pages 53-71.

    More about this item

    Keywords

    JEL Classification : C22; F31.;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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