7 edition of Macroeconomic Policy in the Franc Zone (Studies in Development Economics and Policy) found in the catalog.
March 2, 2006
by Palgrave Macmillan
Written in English
|The Physical Object|
|Number of Pages||304|
However, despite the apparent similarities in rates between South Africa, Spain, and India, macroeconomic policy solutions to decrease youth unemployment in these three countries are different. This chapter will look at macroeconomic policies around the world, specifically those related to reducing unemployment, promoting economic growth, and. One major disadvantage of Franc Zone membership is that there can only be a single monetary policy in each monetary union. Suppose that two CFA members experience heterogeneous shocks (by “shocks” we mean those innovations in macroeconomic variables that are not induced by changes in policy).Cited by:
David Fielding, ed. Macroeconomic Policy in the Franc Zone. New York:Palgrave Macmillan, Pp. xix $ (cloth). jean-claude berthe´lemy University Paris 1 Panthe´on Sorbonne This volume is an interesting collection of papers on Franc Zone macroeco-nomics, which will doubtlessly ﬁll a gap in the existing literature. The Franc. Policy carried out by the central bank, aiming to change interest rates in order to influence aggregate demand; it is a type of demand-side policy, or demand management. Supply Side Policy An economic theory holding that bolstering an economy's ability to supply more goods is the most effective way to stimulate economic growth.
This book applies contemporary macroeconomic theory and econometric modelling techniques in order to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries sharing a common currency that is linked to the French Franc / : Taylor And Francis. macro-economy. The policy conclusions depend on the relative importance of different macroeconomic variables to policymakers, and the speed with which a policymaker is able to respond to a shock. JEL categories: O11, O23, F33, F42 Keywords: Franc Zone, Optimal Currency Areas, Structural VAR ModelsFile Size: KB.
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1 IntroductionPart I: Convergence in the Franc Zone and Optimum Currency Area Theory2 Analysis of the Convergence Process in the UEMOA Zone3 The Characteristics of Macroeconomic Shocks in the Franc Zone4 Variance Decomposition of Macroeconomic Shocks in the Franc Zone and other Sub-Saharan African CountriesPart II: The Positive and Normative Analysis of Monetary and Exchange.
Get this from a library. Macroeconomic policy in the Franc Zone. [David Fielding;] -- "The fourteen members of the African CFA Franc Zone in West and Central Africa represent the two largest monetary unions in the southern hemisphere, predating the European Monetary Union by decades.
'This book not only examines macroeconomic shocks and (monetary) policies in the context of the Franc Zone countries and their neighbours, but also draws policy implications for growth and poverty reduction from the studies in an analytical rigorous manner.
The Macroeconomics of Monetary Union: An Analysis of the CFA Franc Zone (Routledge Studies in Development Economics) - Kindle edition by Fielding, David. Download it once and read it on your Kindle device, PC, phones or tablets.
Use features like bookmarks, note taking and highlighting while reading The Macroeconomics of Monetary Union: An Analysis of the CFA Franc Zone (Routledge Studies Macroeconomic Policy in the Franc Zone book 5/5(1). Finally this book deals with CFA Franc membership and the role of relative price stability in investment performance.
I highly recommend this book to graduate students and scholars in economics willing to have different empirical macroeconomic evidences of the monetary union including the former French sub-saharan by: 9. The CFA franc (in French: franc CFA [fʁɑ̃ seɛfɑ], originally Franc of the French Colonies in Africa, recently Franc of the Financial Community of Africa, or colloquially franc) is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries.
Both currencies are guaranteed by the. Macroeconomic Policy in the Franc Zone Edited by David Fielding (hardback) September Studies in Development Economics and Policy Palgrave Macmillan Journal of African Economies Volume 13 Number 4 (December ) WIDER Special Issue: The CFA Franc Zone 10 Years After Devaluation Edited by David Fielding.
This book applies contemporary macroeconomic theory and econometric modelling techniques in order to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries sharing a common currency that is linked to the French Franc / Euro.
Get this from a library. The macroeconomics of monetary union: an analysis of the CFA franc zone. [David Fielding] -- This book applies contemporary macroeconomic theory and econometric modelling techniques in order to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries.
This book applies trendy macroeconomic idea and econometric modelling strategies in order to address protection factors referring to the CFA Franc Zone, a group of francophone African Nations sharing a normal currency that is linked to the French Franc / Euro.
This book examines the CFA franc zone’s unique features and experi-ences and assesses the policy challenges it currently faces. One of the more notable characteristics of the zone is the longevity of the fixed exchange rate regime, which has been among the most stable of such arrangements worldwide.
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.
However, little academic research exists in the public domain. This book aims to. In this paper we fit a VECM in output and prices to data from ten countries of the CFA Franc Zone. This model allows for various cross-country interactions in both the short run and the long run.
The VECM parameters are used to estimate persistence profiles of different kinds, in order to identify the degree of homogeneity in the way in which the countries respond to macroeconomic shocks. Book Description. This analysis of macroeconomic policy, originally published inargues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market.
Preserving the CFA Zone: macroeconomic coordination after the devaluation (English) Abstract. On Januthe CFA franc - the currency of the thirteen African states of the CFA Franc Zone - was devalued 50 percent.
The event had been expected for some time, but the magnitude and one-shot nature of the devaluation posed problems for Cited by: 2. Book Review: David Fielding (ed.): Macroeconomic Policy in the Franc Zone, July Authors Tobias Knedlik Sharing. Whom to contact. For Researchers.
Stefanie Müller Head of Public Relations If you have any further questions please contact me. +49 In this article we develop a model to identify determinants of macroeconomic integration in the African Franc Zone and in Dollar-pegging Caribbean countries (including members of the East.
This page contains the complete book Macroeconomic Policy in a World Economy in pdf format for viewing, downloading, or printing. The book describes the theoretical form and the empirical estimation of a forward-looking multicountry model (sometimes called the Taylor Multicountry Model).
which resulted in Chapter 4 of this thesis and a chapter in the book ‘Macroeconomic Policy in the Franc Zone'. Financial support for my studies from the University of Leicester and the Overseas Research Scheme (ORS) is also gratefully acknowledged. Without the funding they provided, I would not have been able to complete this thesis.
Define Franc zone. Franc zone synonyms, Franc zone pronunciation, Franc zone translation, English dictionary definition of Franc zone.
a monetary unit used in West Africa -conflict countries, and the growth, social progress, and public finance strategies, as well as the reconstruction of macroeconomic policy Monetary Zone in the. Inflation and Economic Performance in the CFA Franc Zone: Transmission Channels and Threshold Effects: /ch This chapter examines the relationship between inflation and economic performance in the CFA franc zone over the period and studies the mechanismAuthor: Komlan Fiodendji, Bernadette Dia Kamgnia, Nasser Ary Tanimoune.This paper presents a theoretical framework for understanding the reforms that occurred in the CFA franc zone in the s and s, focusing on public debt and the exchange rate.
It analyses the real-side adjustment strategy that was adopted initially. It shows how the debt problem and misdirected policy decisions led to the historical devaluation of Januarythe first since The CFA franc is pegged to the Euro (1€ = XOF) Convertibility guarantee by the French treasury 20% of sight liabilities to be covered by foreign exchange reserves,File Size: 1MB.