The Macroeconomics of Monetary Union: An Analysis of the CFA Franc Zone [Paperback]

This book applies contemporary macroeconomic theory and econometric modelling techniques in order to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries sharing a common currency that is linked to the French Franc / Euro. Within this methodological framework, the author analyses the way in which the monetary institutions of the CFA influence macroeconomic development and policy formation.This book applies contemporary macroeconomic theory and econometric modelling to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries sharing a common currency, linked to the French Franc / Euro.1. An Introduction to the Institutions and Members of the CFA Franc Zone 2. CFA Membership, Exchange Rate Pegs and Inflation 3. Short-Run Monetary Policy Formation: Comparing the CFA with Anglophone Africa 4. Public Debt and the Strategic Interaction of Monetary and Fiscal Policy 5. Asset Demand and the Monetary Transmission Mechanism: the Case of Côte d'Ivoire 6. Tests of Capital Market integration between the Franc Zone and France 7. Savings, Investment and Franc Zone Membership: Time-Series Evidence from a Comparison of Côte d'Ivoire with Kenya 8. CFA Membership and the Role of Relative Price Stability in Investment Performance 9. Conclusion and Suggestions for Further StudyUS? 2002 David Fielding