The CFA Franc Zone: Common Currency, Uncommon Challenges

Books, April 2, 2008

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The CFA Franc Zone: Common Currency, Uncommon Challenges

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Bibliographic details

• Authors: Anne Marie Gulde, Charalambos G Tsangarides
• Published: April 2, 2008
• Series: Books
• DOI: https://doi.org/10.5089/9781589066755.071

Summary and purpose

• About one-third of countries covered by the IMF's African Department are members of the CFA franc zone.
• With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics.
• Little academic research exists in the public domain; this book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward.
• The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.

Authors and publication

• By Anne Marie Gulde, Charalambos G Tsangarides
• Publication date: April 2, 2008
• Format: Book; more formats available on IMF eLibrary

Major themes and analytic focus

• Examination of the CFA franc zone's sustainability under a common, fixed-currency arrangement.
• Empirical analysis generated in the context of intensified regional surveillance.
• Focus areas include banking, foreign exchange, imports, international trade, real effective exchange rates, real exchange rates, tariffs, taxes, and terms of trade.

Subject classification and keywords

• Subject: Banking, Foreign exchange, Imports, International trade, Real effective exchange rates, Real exchange rates, Tariffs, Taxes, Terms of trade
• Keywords: Africa, Asia and Pacific, BOOK, Caribbean, CEMAC country, CEMAC member country, CFA franc, East Asia, Imports, Real effective exchange rates, Real exchange rates, Sub-Saharan Africa, Tariffs, Terms of trade, WAEMU country, WAMZ country, West Africa

Content in this bundle

• The CFA Franc Zone: common currency, uncommon challenges -- Overview. IMF 2008.
  • The CFA Franc Zone: common currency, uncommon challenges -- Overview. IMF 2008. (Markdown version)
  • The CFA Franc Zone: common currency, uncommon challenges -- Overview. IMF 2008. (PDF)