Determinants of Inflation Among Franc Zone Countries in Africa
Author: Bruno Boccara
Publisher: World Bank Publications
Published:
Total Pages: 50
ISBN-13:
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The CFA Franc Zone
Author: Ms.Anne Marie Gulde
Publisher: International Monetary Fund
Published: 2008-04-02
Total Pages: 411
ISBN-13: 1589066758
DOWNLOAD EBOOKAbout one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.
Determinants of Inflation Among Franc Zone Countries in Africa
Author: Bruno Boccara
Publisher:
Published: 1993
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKDespite belonging to a monetary union with a common currency and pooled foreign reserves, the countries of Africa's franc zone (CFA) experience substantially different inflation rates, especially in the short run. This is partly explained by the fact that for primary exporters in general, and for CFA zone members in particular, the volatility of commodity prices implies a high variance in government revenues.
IMF Staff papers
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Published: 1969
Total Pages: 219
ISBN-13: 1451947291
DOWNLOAD EBOOKThis paper shows how to utilize the data on trade structure to achieve the best possible estimates of the effects of price changes, given any reasonable array of elasticity estimates. The credibility of estimates of price effects depends on thorough and systematic use of these data, as well as on the statistical credentials of the elasticities assumed. The observations show that the impact of a given price change on a country's exports will be greater, the more that country's exports are concentrated in markets in which substitution elasticities are high, and vice versa, but for most countries strong correlations of this kind are not probable. The general conclusion to be drawn from the paper would seem to be that the information implicit in the base-period matrix is not enough to yield results in which a high degree of confidence can be placed. It remains essential to employ substitution elasticities that are supported by the historical record. Nevertheless, the role of trade structure is vitally important.
The CFA Franc Zone
Author: Ali Zafar
Publisher: Springer Nature
Published: 2021-05-11
Total Pages: 250
ISBN-13: 3030710068
DOWNLOAD EBOOKThis book provides an empirical analysis of economic and political structures impacting the CFA franc zone. Concise and practical chapters explore the history of the CFA franc zone, challenges to development, geopolitical issues, the importance of flexible exchanges rates, growth trends, and the impact of the Covid crisis. Policy reform is examined to detail economic approaches that could reduce poverty and increase the quality of life within the area. This book aims to present a macroeconomic and exchange rate framework to promote development and post-Covid recovery within the CFA franc zone. It will be of interest to students, researchers, and policymakers involved in African economics, the political economy, and development economics.
The Monetary Geography of Africa
Author: Paul R. Masson
Publisher: Rowman & Littlefield
Published: 2004-11-30
Total Pages: 248
ISBN-13: 9780815797531
DOWNLOAD EBOOKAfrica is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower transaction costs, increased stability, and greater insulation of central banks from pressures to provide monetary financing. Disadvantages relate to asymmetries among countries, especially in their terms of trade and in the degree of fiscal discipline. More disciplined countries will not want to form a union with countries whose excessive spending puts upward pressure on the central bank's monetary expansion. In T he Monetary Geography of Africa, Paul Masson and Catherine Pattillo review the history of monetary arrangements on the continent and analyze the current situation and prospects for further integration. They apply lessons from both experience and theory that lead to a number of conclusions. To begin with, West Africa faces a major problem because Nigeria has both asymmetric terms of trade—it is a large oil exporter while its potential partners are oil importers—and most important, large fiscal imbalances. Secondly, a monetary union among all eastern or southern African countries seems infeasible at this stage, since a number of countries suffer from the effects of civil conflicts and drought and are far from achieving the macroeconomic stability of South Africa. Lastly, the plan by Kenya, Tanzania, and Uganda to create a common currency seems to be generally compatible with other initiatives that could contribute to greater regional solidarity. However, economic gains would likely favor Kenya, which, unlike the other two countries, has substantial exports to its neighbors, and this may constrain the political will needed to proceed. A more promising strategy for monetary integration would be to build on existing monetary unions—the CFA franc zone in western and central Africa and the Common Monetary Area in southern Africa. Masson and Pattillo argue that the goal of a creating a s
The Fair Trade Scandal
Author: Ndongo Sylla
Publisher: Ohio University Press
Published: 2014-02-01
Total Pages: 193
ISBN-13: 0821444891
DOWNLOAD EBOOKThis critical account of the fair trade movement explores the vast gap between the rhetoric of fair trade and its practical results for poor countries, particularly those of Africa. In the Global North, fair trade often is described as a revolutionary tool for transforming the lives of millions across the globe. The growth in sales for fair trade products has been dramatic in recent years, but most of the benefit has accrued to the already wealthy merchandisers at the top of the value chain rather than to the poor producers at the bottom. Ndongo Sylla has worked for Fairtrade International and offers an insider’s view of how fair trade improves—or doesn’t—the lot of the world’s poorest. His methodological framework first describes the hypotheses on which the fair trade movement is grounded before going on to examine critically the claims made by its proponents. By distinguishing local impact from global impact, Sylla exposes the inequity built into the system and the resulting misallocation of the fair trade premium paid by consumers. The Fair Trade Scandal is an empirically based critique of both fair trade and traditional free trade; it is the more important for exploring the problems of both from the perspective of the peoples of the Global South, the ostensible beneficiaries of the fair trade system.
Determinants of Value-Added Tax Revenue
Author: eljko Bogeti?
Publisher: World Bank Publications
Published: 1993
Total Pages: 19
ISBN-13:
DOWNLOAD EBOOKEmpirical analysis of value- added tax revenues on a sample of 34 countries conforms with conventional wisdom from theoretical and case studies. The key implication is that for value- added tax to provide superior revenues, it should be levied in a single rate on as broad a base as possible. And tax administration and enforcement must be tough to ensure compliance.
Unitary Versus Collective Models of the Household
Author:
Publisher: World Bank Publications
Published: 1993
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKA case for shifting from the unitary to the collective model of the household -- in which the household may be viewed as a factory in which individuals are motivated at times by altruism, at times by self- interest, and often by both.
Developing Countries and the Uruguay Round Negotiations on Services
Author: Bernard M. Hoekman
Publisher: World Bank Publications
Published: 1993
Total Pages: 41
ISBN-13:
DOWNLOAD EBOOKMany developing countries are pursuing regulatory reform and liberalization. To what extent will signing the General Agreement on Trade an Services help governments trying to make their service sectors more efficient? Is the result of the defensive negotiating strategy that was pursued consistent with the shift toward a policy of liberalizing service markets?
