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Dévaluation du Franc CFA et équilibre des paiements courants

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Listed:
  • Bernard Conte

    (Groupe d'Economie du Développement Université Montesquieu Bordeaux IV)

Abstract

The 1994 dévaluation of the CFA-franc seems to be the main event of the decade in French-speaking Africa.For the main actors, Africans or foreigners, the achievements are in accordance with their expectations.In others words, it was believed that the dévaluation would be successful and, in the medium term, there would be no need to fear any other measure of this kind.This paper focuses on changes in externat competitiveness and on the différent components of the current account.It leads to the qualification of the optimistic opinions generally expressed.Despite a favourable external contexte results reached by the African countries of the franc zone are fragile.Furthermore, deep disparities existing in the performance of différent nations are able to generate centrifugai forces whose intensity could be critical, in the case of insufficient convergence in economic policies. (Full text in French)

Suggested Citation

  • Bernard Conte, 1997. "Dévaluation du Franc CFA et équilibre des paiements courants," Documents de travail 20, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    • Handle: RePEc:mon:ceddtr:20
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    References listed on IDEAS

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    1. Patrick Guillaumont & Sylviane Guillaumont Jeanneney, 1997. "De l'effectivité de la dévaluation des francs CFA. Quelques enseignements tirés du Cameroun et de la Côte-d'Ivoire," Revue Économique, Programme National Persée, vol. 48(3), pages 451-460.
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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