The author estimates the degree of misalignment of the CFA franc since the introduction of the euro in 1999. Using a relative purchasing power parity-based methodology, he develops a monthly panel time series dataset for both the Economic and Monetary Community of Central Africa (CEMAC) zone and the West African Economic and Monetary Union (UEMOA) zone to compute a trade-weighted real effective exchange rate indexed series from January 1999 to December...
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详细
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2005/10/01
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政策研究报告
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WPS3751
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1
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1
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2010/07/01
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Disclosed
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The impact of the strong euro on the real effective exchange rates of the two Francophone African CFA Zones
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real effective exchange rate