Structural vulnerability and excessive public indebtedness in CFA Franc Zone countries
نویسندگان
چکیده
منابع مشابه
Structural Contributors to Public Revenues in Developing Countries
Since 1960s and the following financial crisis in developing countries, a wide research has been conducted on financial capability of states in repayment of their debts. Though having been considered at various importance levels during the past decades, this subject seems to have today become a controversial issue in economic discourses. In principle, three indices are applied to determine the ...
متن کاملAn Aggregate View of Macroeconomic Shocks in Sub-Saharan Africa A Comparative Study Using Innovation Accounting
This paper investigates the impacts and responses of macroeconomic shocks in some domestic economies in Sub-Saharan Africa over the period 1961-99; more specifically, it seeks to answer the question of whether there are any systematic differences in the responses of the CFA franc zones and the non-CFA franc zone countries to macroeconomic shocks. Based on the Blanchard-Quah methodology, we iden...
متن کاملFor better or for worse: the euro and the CFA franc.
The effect of the single European currency on African economies is uncertain. Many agree that the euro, which will become the sole legal tender in 11 European countries (euroland) after June 30, 2002, will have an economic effect on the 14 African countries that use the CFA franc as their currency, but the direction of that effect is unknown. Currently, euroland and the CFA countries have clo...
متن کاملstructural contributors to public revenues in developing countries
since 1960s and the following financial crisis in developing countries, a wide research has been conducted on financial capability of states in repayment of their debts. though having been considered at various importance levels during the past decades, this subject seems to have today become a controversial issue in economic discourses. in principle, three indices are applied to determine the ...
متن کاملIs the Franc Zone an Optimal Currency Area ? * WPS / 2000 -
In this paper we modify the method of Blanchard and Quah (1989) in order to estimate a structural VAR model appropriate for a small open economy. In this way we identify shocks to output and prices in the members of the two monetary unions that make up the African CFA Franc Zone. The costs of monetary union membership will depend on the extent to which price and output shocks are correlated acr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economic Modelling
سال: 2013
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2013.08.022