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La Zone franc, une zone monétaire robuste, en voie d’intégration économique

Author

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  • Pierre Jaillet
  • Emmanuel Carrère

Abstract

[fre] Cet article revient sur les caractéristiques originales des mécanismes de la Zone franc, qui a prouvé sa capacité à s'adapter aux évolutions des économies des pays membres, depuis sa création en 1939. Il est ensuite avancé que l'arrimage des francs CFA et comoriens à l'euro, en 1999, non seulement n'a pas remis en cause la Zone franc, mais en a renforcé les avantages. Il apparaît enfin que les bénéfices de l'union monétaire ne pourront être amplifiés que par un renforcement de l'intégration économique. . Classification JEL : E42, F32, F33, O55 [eng] Franc Zone : a strong monetary area nearing economic integration . This article deals with original characteristics of Franc Zone which proved its capability to evolve with the member states' economies since it was created in 1939. Moreover, the peg of CFA and Comorian Francs to the euro in 1999 didn't question the Franc Zone and strengthened its advantages. At last, the benefits of the monetary union will be accentuated only by a strong economic integration. . JEL classification : E42, F32, F33, O55

Suggested Citation

  • Pierre Jaillet & Emmanuel Carrère, 2004. "La Zone franc, une zone monétaire robuste, en voie d’intégration économique," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 183-209.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2004_num_75_2_4901
    DOI: 10.3406/ecofi.2004.4901
    Note: DOI:10.3406/ecofi.2004.4901
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    References listed on IDEAS

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    1. Mr. Atish R. Ghosh, 1998. "Currency Boards: The Ultimate Fix?," IMF Working Papers 1998/008, International Monetary Fund.
    2. Ricci, Luca Antonio, 2008. "A Model of an Optimum Currency Area," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-31.
    3. Patrick GUILLAUMONT & Sylviane GUILLAUMONT JEANNENEY, 2002. "Le franc est mort. Vive la zone franc !," Working Papers 200202, CERDI.
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    Cited by:

    1. Kuikeu, Oscar, 2011. "Comment la dernière crise financière a relancé le débat relatif à l'arrimage du fcfa à l'euro [How the recent financial crisis have revived the debate on the parity between fcfa and euro]," MPRA Paper 32077, University Library of Munich, Germany.
    2. Kuikeu, Oscar, 2011. "Arguments contre la zone franc [Against the cfa franc zone]," MPRA Paper 33710, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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