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La dévaluation des francs CFA et le cours parallèle de la naira

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  • Jean-Paul Azam
  • Ousmane Samba-Mamadou

Abstract

[eng] The parallel exchange rate of the Naira has fallen a short while after the deva­luation of the CFA franc in 1994. A simple theoretical model is built showing how these two events are probably linked, and an empirical test pointing in the same direction is presented. [fre] Le cours parallèle de la naira a chuté peu de temps après la dévaluation du franc CFA en 1994. On construit un modèle théorique simple montrant comment ces deux événements sont probablement reliés, et on présente un test économé­trique allant dans ce sens.

Suggested Citation

  • Jean-Paul Azam & Ousmane Samba-Mamadou, 1997. "La dévaluation des francs CFA et le cours parallèle de la naira," Revue Économique, Programme National Persée, vol. 48(3), pages 461-470.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1997_num_48_3_409887
    DOI: 10.3406/reco.1997.409887
    Note: DOI:10.3406/reco.1997.409887
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    References listed on IDEAS

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    1. Jean-Paul AZAM, 1996. "Macroeconomic Reforms in the C.F.A. Franc Zone," Working Papers 199615, CERDI.
    2. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
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    4. Delgado, Christopher L, 1992. "Why Domestic Food Prices Matter to Growth Strategy in Semi-open West African Agriculture," Journal of African Economies, Centre for the Study of African Economies, vol. 1(3), pages 446-471, November.
    5. Eastwood, R K & Venables, A J, 1982. "The Macroeconomic Implications of a Resource Discovery in an Open Economy," Economic Journal, Royal Economic Society, vol. 92(366), pages 285-299, June.
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