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Le Taux de Change Réel et les Performances macroéconomiques: Une Application à Trois Pays de l’UEMOA
[Real Exchange Rate and Macroeconomic Performances: Evidence from three countries of WAEMU]

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  • Fiodendji, Komlan

Abstract

In this paper, it is necessary to establish the degree of surevaluation and volatility of real exchange rate and measure the impact of these distortions in the macroeconomic performance of the WAEMU countries. According to our analysis it appears that the overvaluation and volatility of the TCR are among the factors that threaten economic growth in these countries. Directly or indirectly overvaluation and instability of TCR negatively affect growth in real GDP per capita.

Suggested Citation

  • Fiodendji, Komlan, 2001. "Le Taux de Change Réel et les Performances macroéconomiques: Une Application à Trois Pays de l’UEMOA [Real Exchange Rate and Macroeconomic Performances: Evidence from three countries of WAEMU]," MPRA Paper 27480, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27480
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/608 is not listed on IDEAS
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    3. Devarajan, Shantayanan & Lewis, Jeffrey D & Robinson, Sherman, 1993. "External Shocks, Purchasing Power Parity, and the Equilibrium Real Exchange Rate," The World Bank Economic Review, World Bank, vol. 7(1), pages 45-63, January.
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    5. Cottani, Joaquin A & Cavallo, Domingo F & Khan, M Shahbaz, 1990. "Real Exchange Rate Behavior and Economic Performance in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 39(1), pages 61-76, October.
    6. Khan, Mohsin S & Lizondo, J Saul, 1987. "Devaluation, Fiscal Deficits, and the Real Exchange Rate," The World Bank Economic Review, World Bank, vol. 1(2), pages 357-374, January.
    7. Krumm, Kathie L, 1993. "A Medium-Term Framework for Analyzing the Real Exchange Rate, with Applications to the Philippines and Tanzania," The World Bank Economic Review, World Bank, vol. 7(2), pages 219-245, May.
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    More about this item

    Keywords

    Taux de change réel; Performances macroéconomiques; UEMOA;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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