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Aftermath of the CFA Franc Devaluation

Author

Listed:
  • Mr. Stéphane Cossé
  • Mr. Johannes Mueller
  • Mr. Jean Le Dem
  • Mr. Jean A. P. Clément

Abstract

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of IMF resources.

Suggested Citation

  • Mr. Stéphane Cossé & Mr. Johannes Mueller & Mr. Jean Le Dem & Mr. Jean A. P. Clément, 1996. "Aftermath of the CFA Franc Devaluation," IMF Occasional Papers 1996/004, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1996/004
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=713
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    Citations

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    Cited by:

    1. Mr. Magnus Saxegaard, 2006. "Excess Liquidity and Effectiveness of Monetary Policy: Evidence from Sub-Saharan Africa," IMF Working Papers 2006/115, International Monetary Fund.
    2. Mr. Oral Williams & Mr. Olumuyiwa S Adedeji, 2007. "Fiscal Reaction Functions in the CFA Zone: An Analytical Perspective," IMF Working Papers 2007/232, International Monetary Fund.
    3. Tandian, Dieynaba, 1998. "Les suites de la dévaluation du franc CFA de janvier 1994," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(3), pages 561-581, septembre.
    4. Peter Montiel & Luis Servén, 2006. "Macroeconomic Stability in Developing Countries: How Much Is Enough?," The World Bank Research Observer, World Bank, vol. 21(2), pages 151-178.
    5. Mr. Hazel Selvon & Ms. Tracy Polius & Mr. Oral Williams, 2001. "Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone: A Comparative Analysis," IMF Working Papers 2001/104, International Monetary Fund.

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