Search Results - subject_exact:"CFA franc zone"

Financial repression and economic growth : insights from CEMAC and UEMOA

Kazemikhasragh, Amirreza - 2026

This study investigates the direct impact of financial repression on economic growth in the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (UEMOA) using a lagged composite repression index and panel fixed-effects regressions. Contrary to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671974

Measuring financial repression in CFA franc zones : index construction and implications for investment activity

Kazemikhasragh, Amirreza - 2026

This study develops a composite index of financial repression to overcome persistent gaps and inconsistencies in financial data across the CFA franc zones. The index aggregates proxies such as interest rate spreads, real interest rates, domestic credit to the private sector as a percentage of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061168

From the French franc to the euro, is there an economic impact for the CFA franc zone countries? : a "bias-corrected" synthetic control method

Diallo, Alassane; Ba, Adama - 2024

This paper assesses the impact of pegging the CFA franc to the euro - at a fixed parity - on real GDP per capita in the West African Economic and Monetary Union (WAEMU) and the Central African Economic and Monetary Community (CAEMC) countries. Using a set of 35 annual country-level panel data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386676

Évaluation du taux d'intérêt naturel dans la CEMAC

Mounkala, Evrard Ulrich - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015271932

The long-run effects of fiscal consolidation on economic activity in the CEMAC zone

Nokam, Vivien Narcisse Wabo; Soh, Syrie Galex - 2025

This study aims to analyze the long-run effects of fiscal consolidation on economic activity in the Economic and Monetary Community of Central Africa (CEMAC), a grouping of six countries (Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic, and Chad) forming a monetary union....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015386917

An analysis of the moderating role of Internet penetration in the banking competition-banks' profitability nexus : case of the CEMAC banking sector

Wirajing, Muhamadu Awal Kindzeka; Moutie, Valery Giscard; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471409

West African Economic and Monetary Union : Selected Issues

2025

This Selected Issues paper analyzes domestic revenue mobilization (DRM) in the West African Economic and Monetary Union (WAEMU). DRM is critical for financing economic and social development and ensuring debt sustainability in WAEMU, especially in light of rising interest, high security...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015451926

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West African Economic and Monetary Union : Selected Issues

2024

Book / Working Paper

West African Economic and Monetary Union : Selected Issues

2023

Book / Working Paper

West African Economic and Monetary Union : selected issues

2022

Book / Working Paper

West African Economic and Monetary Union : selected issues

2021

Book / Working Paper

West African Economic and Monetary Union : selected issues

2019

Book / Working Paper

West African Economic and Monetary Union : selected issues

2018

Book / Working Paper

West African Economic and Monetary Union : selected issues

2016

Book / Working Paper

West African Economic and Monetary Union : Selected Issues

2015

Book / Working Paper

West African Economic and Monetary Union : Staff Report on Common Policies for Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the West African Economic and Monetary Union

2025

This paper presents IMF staff report on common policies for member countries of West African Economic and Monetary Union (WAEMU). Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015451927

Show 2 more versions 2

2024

Book / Working Paper

West African Economic and Monetary Union : staff report on common policies for member countries : press release; staff report; and statement by the Executive Director for the West African Economic and Monetary Union

2021

Book / Working Paper

Model-Driven Macrofinancial Policy Analysis in the WAEMU : WAEMU

Ayvazyan, Knarik - 2025

This quantitative model for Macrofinancial Policy Analysis for the WAEMU was developed to deepen the Fund's engagement in macrofinancial surveillance in the region. By analyzing unobserved credit cycle dynamics and risks, and emphasizing macrofinancial linkages, the model helps assess the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015452199

Unleashing the Benefits of Intra-African Trade Integration for the WAEMU : WAEMU

Hakobyan, Shushanik - 2025

WAEMU members' trade openness, integration into global value chains (GVCs), and export diversification remain limited. Tariffs, non-tariff measures (NTMs, obstacles to trade that arise mainly from differences in national regulations), and a challenging trade environment (e.g., cumbersome Customs...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015452201

Domestic Revenue Mobilization in WAEMU : WAEMU

Dordevic, Ljubica - 2025

Domestic Revenue Mobilization (DRM) is essential for financing economic and social development and ensuring debt sustainability in WAEMU, particularly in light of rising interest, high security spending, and the prospective reduction in foreign aid. While DRM has generally improved over the past...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015452202

Central African Economic and Monetary Community (CEMAC) : Press Release; Staff Report; and Statement by the Executive Director

2025

The CEMAC's economy lost momentum in 2023. The external position weakened, with the current account shifting to a deficit and foreign reserve accumulation slowing. While inflation continued to ease, it remained elevated. Available data indicate a deterioration in the underlying fiscal positions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411384

Central African Economic and Monetary Community : Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director

2025

The CEMAC economy gained some momentum in 2024, and inflation continued to ease while still above the regional converge criterion. The external position weakened further, with the current account deficit rising and the reserve coverage stagnating. Preliminary data on fiscal outturns suggest a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613292

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Central African Economic and Monetary Community : Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director

2024

Book / Working Paper

Central African Economic and Monetary Community : Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director

2023

Book / Working Paper

Central African Economic and Monetary Community : Common Policies in Support of Member Countries Reform Programs-Staff Report, and Statement by the Executive Director

2022

Book / Working Paper

Estimating the size of fiscal multipliers in the WAEMU area

Somé, Juste; Konaté, Aniwar - 2025

This article estimates the size of short- and long-term fiscal multipliers for fiscal revenue and aggregate and disaggregate public expenditure in the West African Economic and Monetary Union (WAEMU). The empirical methodology is based on the estimation of a vector error correction model using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596263

Analysis of the effects of the African Continental Free Trade Area (AfCFTA) on the labor market in the Central African Economic and Monetary Community (CEMAC)

Yaya, Ismail Miss; Ndiaye, Cheikh Tidiane; Asongu, Simplice - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015584635

Currency pegs and volatility in West African Economic and Monetary Union during COVID-19

Zuoping, Xiao; Zonon, Babatounde Ifred Paterne; Wang, … - 2025

This study examines how the COVID-19 pandemic affected the CFA franc (XOF) compared to the euro (EUR) within the West African Economic and Monetary Union (WAEMU). It is among the first to assess both currencies under systemic stress by combining event studies, risk metrics, and ARDL regressions....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625322

Gender Inequality in the WAEMU : Current Situation and Opportunities

Sever, Can - 2024

This paper documents the current state of gender inequalities in the WAEMU by focusing on outcomes (health, education, labor market and financial inclusion) and opportunities (economic rights). The findings show that despite significant progress toward gender equality over the last three...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015058428

Climate Change in the WAEMU : Trends, Macro-criticality and Options Going Forward

Sever, Can - 2024

This paper focuses on the trends in climate change in the WAEMU, assesses the criticality of climate change for the region, and reviews the related policy and financing options going forward. Climate change has been increasingly affecting the lives and livelihoods in the WAEMU. Temperatures have...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015058429

Key Banking System Risks in the WAEMU : WAEMU

Ayvazyan, Knarik - 2024

The gradual alignment of prudential regulations on Basel II/III standards since 2018, as well as improvements in banking supervision and macroprudential surveillance, have contributed to the WAEMU's banking system's resilience to recent global and regional shocks. However, while cyclical...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015058430

Recent Challenges to the Conduct of Monetary Policy in the WAEMU : WAEMU

Feler, Alain - 2024

This paper discusses recent challenges in BCEAO monetary policy, from a recent spike in inflation, the persistent erosion of external reserves, and strains in the regional financial market. In response to these shocks, the BCEAO operated via both policy rates and liquidity management, including...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015058431

Securing Fiscal Discipline and Credibility in WAEMU : WAEMU

Dordevic, Ljubica - 2024

Fiscal consolidation and the reintroduction of the WAEMU fiscal framework is crucial for maintaining debt sustainability, external viability, and financial stability. The 3 and 70 percent of GDP deficit and debt ceilings envisaged by the expired rule remain appropriate, while addressing the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015058432

Foreign direct investment and domestic private investment in WAEMU countries : crowding-in or crowding-out?

Mano, Hahandou - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014584504

Food market integration in the West African Economic and Monetary Union (WAEMU) : a dynamic panel approach

Oloukoi, Laurent - 2024

Our study examines the integration of food markets in West African Economic and Monetary Union (WAEMU) and assesses the role of bilateral trade. In this study, we hypothesize that each country has a market. We adopted the framework borrowed from Ravallion using a dynamic panel model. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375629

Exchange rates and trade balance in West African economy and monetary union countries : does the content of the traded goods matter?

Guidime, Camille Detondji; Diaw, Adama; Biao, Barthélémy - 2024

This paper analyzes the role of the nature of traded goods in the effect of the real exchange rate on the trade balance in West African Economy and Monetary Union countries. Empirically, the estimation of the parameters of a distributed lag autoregressive model using the technique of dynamic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015211233

Contribution of Islamic finance to inclusive growth : a comparative study of the West African Economic and Monetary Union (WAEMU) and North African countries

Youssouf, Ali Bamba; El Hachloufi, Mostafa - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015189378

Institutional quality, investment and economic growth in WAEMU countries : an empirical approach using DOLS

Karabou, Franck Essosinam - 2024

Investment, whatever its nature, is an indispensable channel for increasing economic growth. The aim of this paper is to empirically study the effect of institutional quality and investment on economic growth in WAEMU countries. The methodological approach is based on a dynamic panel model...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193389

The transmission mechanism of monetary policy in West African Economic and Monetary Union (WAEMU) : evidence from bank balance' sheet

Dieng, Ousmane; Sene, Babacar - 2024

The objective of this research is to assess the effect of holding government securities on the credit channel, taking into account the heterogeneity of WAEMU banks' balance sheets. The methodology adopted to achieve this objective is VAR panel modelling, proposed by Abrigo and Love. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015394015

An EnergyPlan analysis of electricity decarbonization in the CEMAC region

Cai, Dongsheng; Ndifor, Ernest Zoa; Temidayo Olayinka, … - 2024

The Central African Economic and Monetary Community (CEMAC) is at a pivotal juncture in its energy development, facing significant challenges such as increasing emissions and an unreliable energy supply that hampers economic progress. This study assesses the potential for integrating diverse...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015421568

CEMAC economic barometer

Weltbankgruppe - [Erscheinungsort nicht ermittelbar] : World Bank Group - Vol. 5 (December 2023)-

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471644

The 1992-93 EMS crisis and the South : lessons from the Franc Zone system and the 1994 CFA Franc devaluation

Dossou-Cadja, Rodrigue - 2024

The CFA franc devaluation on 11 January 1994 stands out as the most significant reform within the Franc Zone system since political independences of former African French colonies in 1960, yet a topic shrouded into profound taboo. So far, the economic literature has failed to draw any connection...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014480992

Mobile connectivity : a vector for rural transformations in the WAEMU?

Cariolle, Joël - 2024

Digitalisation presents a significant challenge for the development of rural areas in sub-Saharan Africa, where basic infrastructure and public services are often lacking, the financial sector is dysfunctional, insecurity is widespread, climatic conditions are often unfavourable, and farmers are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015455995

Tax capacity in the West African economic and monetary union an assessment of tax efforts and tax gaps of WAEMU member states

Dama, Alou Adessé; Daubrée, Anouck; Graziosi, … - 2024

The Fourth International Conference on Financing for Development, scheduled to take place in Spain from June 30 to July 3, 2025, will address and revitalize strategies for Domestic Revenue Mobilization (DRM) essential to achieving the Sustainable Development Goals (SDGs). Building on the 2015...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015456006

Exchange rates convergence in ECOWAS : WAMZ and WAEMU analysis on frequency time domains

Eshun, Richard; Tweneboah, George - 2024

This study explores the interdependence of exchange rates between the West African Monetary Zone and the West African Economic and Monetary Union countries using monthly data from 2000 to 2021. Employing wavelet multiple correlation and wavelet multiple cross-correlation by Fernando-Macho, we...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015443765

The exchange rate regime of the WAEMU : monetary stability at the expense of current account deficits and rising external financial liabilities? : a post-Keynesian view

Lampe, Florian - 2024

The West African Economic and Monetary Union (WAEMU) is a currency and customs union that is made up of the eight low-income countries Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Except for Guinea-Bissau, all member countries of the WAEMU have a shared...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015049323

Économie centrafricaine : crises, corruption et gouvernance : quelques éléments pour la réforme du franc CFA (CEMAC)

Belibanga, Clément - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633441

Original sin and the CFA Franc : a case study of the West African Economic and Monetary Union

Peist, Moritz Manuel - 2023

This paper investigates Original Sin in the West African Economic and Monetary Union in the framework of regional integration and cooperation initiatives. The phenomenon describes the inability of countries to borrow in their currency. The central hypothesis is that smaller South-South...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014249574

Exploring The Relationship Between Prudential Regulation and Bank Efficiency in the WAEMU Zone

SAMAKE, SAID-NOUR - 2023

This study empirically analyzes the impact of prudential regulation on banking efficiency in the West African Economic and Monetary Union (WAEMU). We use panel data from 98 banks between 1998-2019 and employ the System GMM estimator to examine the relationship between prudential measures and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014353682

Inflation Dynamics in the West African Economic and Monetary Union : WAEMU

Melo Fernandes, Cecilia - 2023

This paper analyzes recent inflation developments in the WAEMU. As in all inflation spikes in the past two decades, food is the main driver of inflation. The contribution from energy prices is also increasing, while inflation contagion effects are still limited to a few sectors. The share of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015059331

Revamping the West African Economic and Monetary Union (WAEMU) Fiscal Framework

Sever, Can - 2023

This paper aims to provide a broad perspective on the WAEMU fiscal framework. Based on backward looking exercises and forward looking scenarios, it shows that (i) repeated fiscal slippages and historically large stock flow adjustments contributed to the surge in the WAEMU public debt, and (ii)...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015059483

West African Economic and Monetary Union : Staff Report on Common Policies for Member Countries-Press Release; Staff Report; and Statement by the Executive Director for West African Economic and Monetary Union

2023

This paper presents West African Economic and Monetary Union's (WAEMU) report on Common Policies for Member Countries. The WAEMU's post-coronavirus disease 2019 recovery has withstood the new global and regional shocks, partly due to supportive macroeconomic policies and favorable initial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015059614

The role of socio-political factors in public debt accumulation : evidence from CEMAC countries

Ekouala, Ulrich M. - 2023

The analysis of public debt determinants is well documented in the literature. However, previous studies give more focus to the economic determinants neglecting the role played by socio-political factors. The purpose of this study is to fill that gap observed in the literature by investigating...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014465671

Has bank credit really impacted agricultural productivity in the Central African Economic and Monetary Community?

Ngong, Chi Aloysius; Onyejiaku, Chinyere; Fonchamnyo, … - 2023

Purpose - This paper investigates the impact of bank credit on agricultural productivity in the Central African Economic and Monetary Community (CEMAC) from 1990 to 2019. Studies' results on the impact of bank credit on agricultural productivity are not conclusive. The studies demonstrate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014449758

Non-linearity between financial inclusion and economic growth in Sub-Saharan Africa : what implications for the West African Economic and Monetary Union (WAEMU)?

Avouba, Fabrice-Gilles Ndombi; Akougbe, A. Ibn-Saïd; … - 2023

In a context where many African populations are excluded from the traditional banking system, financial inclusion appears to be a determining factor in enabling agents in need of financing, notably producers and consumers, to have easy access to financial services in order to contribute to the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014500471

Remittances and economic growth : what lessons for the CEMAC zone?

Tchekoumi, Louis Bernard; Nya, Patrick Danel - 2023

To the question of what lessons can be drawn from the relationship between migrant remittances and economic growth, this article provides an answer based on econometric evidence, using data from a sample of six countries belonging to the CEMAC zone, over the period 1990-2018. Using the PSTR2 and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014500749

Facilitating regional trade : lessons from WAEMU and EAC on how to increase trade in CEMAC

Bertrand, Nguenkwe Ronie - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014252758

Exogenous Shocks, Excessive Indebtedness and Dependence on Official Development Assistance : What Levers to Prevent Recession and Create Value in the West African Economic and Monetary Union Countries?

Kouakou, Auguste K.; Koui, Alain M. - 2023

The study of the effects of exogenous shocks on the creation of added value aimed at showing the impact of those shocks on the gross domestic product as well as the effect of debt and public aid used by some governments as a solution to the effects of exogenous shocks. The study revealed a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014345395