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https://hdl.handle.net/20.500.14279/14708
Title: | CFA Franc Zone membership and exchange rate variability | Authors: | Savvides, Andreas | metadata.dc.contributor.other: | Σαββίδης, Αντρέας | Major Field of Science: | Social Sciences | Field Category: | Economics and Business | Keywords: | CFA franc zone;comparative study;developing region;exchange rate variability;international comparison | Issue Date: | Mar-1996 | Source: | Journal of African Economies, 1996, vol. 5, no. 1, pp. 52-68 | Volume: | 5 | Issue: | 1 | Start page: | 52 | End page: | 68 | Journal: | Journal of African Economies | Abstract: | This paper investigates the variability of nominal and real exchange rates of the members of the CFA Franc Zone by comparing it with those of other African countries. The study draws three conclusions. First, both nominal and real exchange rate variability increased during the flexible exchange rate period for all countries. Second, Zone members experienced lower nominal variability in comparison with their real variability. Finally, membership of the Zone results in lower nominal variability in comparison with that of non-members. The Zone members, however, experience no significant difference in real variability compared with that of non-members. | URI: | https://hdl.handle.net/20.500.14279/14708 | ISSN: | 09638024 | DOI: | 10.1093/oxfordjournals.jae.a020899 | Rights: | ©Oxford University Press | Type: | Article | Affiliation : | Oklahoma State University | Publication Type: | Peer Reviewed |
Appears in Collections: | Άρθρα/Articles |
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