Search Results - subject_exact:"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

West African Economic and Monetary Union : Staff Report for the 2026 Discussions on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for West African Economic and Monetary Union

2026

Economic growth in the WAEMU remained strong in 2025, while inflation fell below target primarily owing to transitory food price deflation. Progress in reducing external imbalances, elevated gold and cocoa prices, rising volumes of hydrocarbons and gold exports, and sizable capital inflows...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087595

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

Show one more version 1

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

Dossou-Cadja, Rodrigue - 2024

Book / Working Paper

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

Show 8 more versions 8

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

Show 3 more versions 3

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

Macroeconomic effects of political instability in the WAEMU : an analysis of investment efficiency

Lompo, Ahandi Vincent; Diendéré, Achille Augustin - 2025

This article analyses the macroeconomic effects of political instability through the efficiency of domestic investment in the countries of the West African Economic and Monetary Union (WAEMU). The estimation method considered in this analysis is the Autoregressive Distributed Lag (ARDL) method....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085382

Fiscal capacity and public health expenditure in the west African Economic and Monetary Union : the moderating effect of political instability

Boundioa, Jacques - 2025

The aim of this paper is to examine the moderating effect of political instability on the relationship between fiscal capacity and public health expenditure. On the basis of panel data from six (06) countries of the West African Economic and Monetary Union, over the period 2000-2020, the method...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085122

Effects of exogenous shocks on the monetary policy credibility : evidence from the West African Economic and Monetary Union region

Da, Dakpoulé - 2025

In the last five years, external shocks have been persistent. Although the effect of these shocks on inflation has received attention, their effects on the credibility of monetary policy have been little explored, especially in the context of monetary union. This paper seeks to empirically...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085038

Financial inclusion and human development in the West African Economic and Monetary Union (WAEMU) : the role of institutional quality

Ouedraogo, Hamidou; Thiombiano, Noël - 2025

The challenge of the Sustainable Development Goals set by the United Nations is to improve the living conditions of citizens, particularly in developing countries. This is crucial for sub-Saharan African countries, as this region has one of the lowest average human development indices in the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084608

Financial inclusion and human development within the member states of the West African Economic and Monetary Union (WAEMU) : a two-way analysis

Ky, Kalidou; Zoungrana, Tibi Didier; Sawadogo, Wendyam … - 2025

This research is testing bidirectional relationship between financial inclusion and human development by monitoring the role of institutional quality within the West African Economic and Monetary Union countries (WAEMU). To achieve this, the panel data fixed effects method is used from 2010 to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085224

Exchange rate misalignment and financial development in Africa

Nchofoung, Tii Njivukuh; Ojong, Nathanael; Gachili, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337896

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

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

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

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

Economic growth and stable employment in the West African Economic and Monetary Union

Sangare, Vassy Pierre; Kouakou, Kouadio Clément; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069983

Does the Central Bank of West African States have an autonomous monetary policy?

Perez, Francisco - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084226

Trade shocks and labour market resilience in Sub-Saharan Africa : does the Franc zone response differently?

Nchofoung, Tii Njivukuh - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013368622

Show 2 more versions 2

Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?

Nchofoung, Tii Njivukuh - 2022

Book / Working Paper

Trade shocks and labour market resilience in Sub-Saharan Africa : does the franc zone response differently?

Nchofoung, Tii Njivukuh - 2022

Book / Working Paper

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