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A Bird eye from covid-19 crisis on the Relevance of the cfa franc devaluation of January 1994 and the honeymoon effect: an assessment with the equilibrium real exchange rate. Cases of Cameroonian and Gabonese economies

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  • Kuikeu, Oscar

Abstract

The Relevance on policy orientation concerning currency have been assess in the past at the evening related to the cfa franc devaluation of January 1994 on Cameroon and Gabon. Once more it’s relatively means that despite the amount of debate on the peg into the cfa franc zone in particular with the devaluation of January 1994 this system of currency arrangement gives to his members states a lot of benefit as the honeymoon effect? In other words, in the currently context of covid-19 what are the basis to assess on this issue? These are the main questions we are trying to answer, here. Globally speaking, considering the Results the Residual based approach of cointegration is an unvaluable engine to investigate on this kind of consideration about currency area. In fact, he have been able as well as to assess the effect of the peg on the currency arrangement but also to infer on the verifiability for the considering currency area of the honeymoon effect.

Suggested Citation

  • Kuikeu, Oscar, 2021. "A Bird eye from covid-19 crisis on the Relevance of the cfa franc devaluation of January 1994 and the honeymoon effect: an assessment with the equilibrium real exchange rate. Cases of Cameroonian and ," MPRA Paper 107719, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:107719
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    References listed on IDEAS

    as
    1. Bouoiyour, jamal & Kuikeu, Oscar, 2007. "Pertinence de la dévaluation du Franc CFA de janvier 1994 : Une évaluation par le taux de change réel d’équilibre. Cas de l’économie camerounaise [Relevance of the CFA France devaluation in January," MPRA Paper 31357, University Library of Munich, Germany.
    2. Kuikeu, Oscar, 2020. "Essai sur la stabilité monétaire: la Cyclicité et la contra cyclicité de l’activité productive comme critères de cette stabilité. Cas de la Communauté économique et Monétaire de l’Afrique centrale (CE," MPRA Paper 104006, University Library of Munich, Germany.
    3. Yossi Yakhin, 2022. "Breaking the UIP: A Model‐Equivalence Result," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1889-1904, September.
    4. Kuikeu, Oscar, 2021. "Convergence économique : la place de la Région [Economic convergence: the Role of Region]," MPRA Paper 107389, University Library of Munich, Germany.
    5. Gregory, Allan W. & Hansen, Bruce E., 1996. "Residual-based tests for cointegration in models with regime shifts," Journal of Econometrics, Elsevier, vol. 70(1), pages 99-126, January.
    6. James G. MacKinnon, 2010. "Critical Values For Cointegration Tests," Working Paper 1227, Economics Department, Queen's University.
    7. Kuikeu, Oscar, 2021. "Pertinence de la dévaluation du franc cfa de Janvier 1994: une approche par le taux de change réel d’équilibre. Cas de l’économie camerounaise ― Nouveaux Résultats [Relevance of the cfa franc deval," MPRA Paper 106993, University Library of Munich, Germany.
    8. Kuikeu, Oscar, 2021. "La Convergence économique: Résultat des Compétitions continentales Africaines. Le cas du CHAN 2021 [Economic convergence: issue of African continental Competition. The case of AFCON 2021]," MPRA Paper 107325, University Library of Munich, Germany.
    9. Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
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    Cited by:

    1. Kuikeu, Oscar, 2021. "The living standard determinants from lessons of covid-19 crisis ― New Insights: case of Cameroonian economy," MPRA Paper 108029, University Library of Munich, Germany.
    2. Kuikeu, Oscar, 2021. "The Relevance on assessing Real Exchange Rate Misalignment under lessons from covid-19 crisis," MPRA Paper 108047, University Library of Munich, Germany.
    3. Kuikeu, Oscar, 2021. "The main attempts of the making of an special economic area in Cameroon: lessons from the covid-19 crisis," MPRA Paper 107978, University Library of Munich, Germany.

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    More about this item

    Keywords

    Real exchange Rates equilibrium real exchange rates honeymoon effect cointegrate system;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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