La récente crise économique et fi nancière appelle non pas une modification de la stratégie de politique monétaire, mais une meilleure prise en compte des conditions financières et du risque de crise fi nancière dans la mise en oeuvre de cette stratégie : telle semble être la principale...

This article aims to examine the theoretical foundations and practical aspects underlying the creation of a common currency based on natural resources, within the space of the Alliance of Sahel States (AES). On July 6, 2024, in Niamey, the leaders of Mali, Burkina Faso and Niger signed the...

This article aims to examine the theoretical foundations and practical aspects underlying the creation of a common currency based on natural resources, within the space of the Alliance of Sahel States (AES). On July 6, 2024, in Niamey, the leaders of Mali, Burkina Faso and Niger signed the...

In this working paper, we analyze the causes of under bank financing in the WAEMU (West African economic and monetary union) zone is characterized by yet quasi-permanent bank liquidity and a stable currency (the CFA franc) with unlimited convertibility guaranteed by France. We have identified...

The purpose of this paper is to analyze the dynamic response of a small subset of variables to exchange rate shocks by using a new method based on a set of theory-consistent sign restrictions for the purpose of identifying shocks over time (1995Q1–2019Q1) in the Moroccan economy. It is...

The development of microfinance has enabled millions of low-income actors around the world, who did not have access to conventional financing systems, to access financing for their production and / or consumption activities. In Senegal, the activities of Decentralized Financial Systems (DFS)...

The article explores the relationships between capital flight, the monetary regime instability and the general institutional stability of a country, with an empirical application to Djibouti. Are constructed variables for the capital flight, indicator for the instability of Currency Board and...