The CFA Franc Devaluation and Output Growth in the Franc Zone
نویسندگان
چکیده
منابع مشابه
Is 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...
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ژورنال
عنوان ژورنال: International Journal of Financial Research
سال: 2012
ISSN: 1923-4031,1923-4023
DOI: 10.5430/ijfr.v3n1p40