La théorie de la banque centrale analyse la hiérarchisation bancaire dans le cadre du monopole d'émission de billets de banque. Or sous le régime de la liberté bancaire dans lequel les banques peuvent émettre des billets et des dépôts à vue sans restrictions quantitatives ou autres, la...

The election of Bassirou Diomaye Faye as President of Senegal on March 24, 2024, after a turbulent electoral process, reflects the resilience of Senegal's democratic institutions. It provides an opportunity to strengthen transparent governance and combat inequality. It was the first time since...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

L’objectif de ce papier est d’examiner l’existence ou non d’un comportement d’aléa moral dans la demande de réserve internationale des pays membres d’une union monétaire, avec application à la CEMAC. Il se base sur des éléments de statistiques descriptives et se veut le début...

This article deals with the role and the place of the money in the process of coordination in a decentralized market economy. The equilibrium models assume that the coordination is carried out through market mechanisms. These mechanisms are mainly real and individual mechanisms but they seem to...

In DRC, economic growth remains ineffectively influenced by the dynamics of multiple monetary policy factors. In view of this, an attempt is made in this article, examining the role that the quality of governance could play in the relationship between monetary policy and economic growth in this...

L'élection de Bassirou Diomaye Faye à la présidence du Sénégal le 24 mars 2024, après un processus électoral mouvementé, reflète la résilience des institutions démocratiques du Sénégal. C’est l’occasion de renforcer la gouvernance transparente et de lutter contre les...

Francophone Africa has been dominated to date by the political, economic and cultural repercussions of France’s colonial rule. A major instrument to assert France's interests was the upkeep of a common monetary policy and currency, the CFA Franc. Although this has been increasingly resented by...

For a long time characterized by secrecy, Central Banks nowadays give a strategic priority to the communication of their monetary policy. This recent trend towards increased transparency leads us to reflect on its implications for the effectiveness of monetary policy. Arguments on the expected...

This work investigates the impact of an increase in the money supply on inflation using DSGE model in Madagascar. The results showed a strong positive correlation between these two variables, confirming the economic theory that an increase in the money supply leads to a proportional increase in...