Macroeconomic Reforms in the C.F.A. Franc Zone.

This paper presents a theoretical framework for understanding the reforms that occurred in the CFA franc zone in the 1980s and 1990s, focusing on public debt and the exchange rate. It analyses the real-side adjustment strategy that was adopted initially. It shows how the debt problem and misdirected policy decisions led to the historical devaluation of January 1994, the first since 1948.

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Year of publication:	1996
Authors:	AZAM, Jean-Paul
Institutions:	Centre d'Études et de Recherches sur le Développement International (CERDI), École d'Économie

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 199615 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005350105