The Resource FEER for the CFA Franc, Yasser Abdih and Charalambos G. Tsangarides, (electronic resource)

FEER for the CFA Franc, Yasser Abdih and Charalambos G. Tsangarides, (electronic resource)

Label
FEER for the CFA Franc
Title
FEER for the CFA Franc
Statement of responsibility
Yasser Abdih and Charalambos G. Tsangarides
Creator
Contributor
Subject
Language
eng
Summary
Annotation:
Member of
Cataloging source
CaPaEBR
http://library.link/vocab/creatorName
Abdih, Y.
LC call number
HG3851
LC item number
.A23 2006eb
http://library.link/vocab/relatedWorkOrContributorName
  • Tsangarides, Charalambos G
  • IMF Institute
  • International Monetary Fund
  • ebrary, Inc
Series statement
IMF working paper
Series volume
WP/06/236
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Franc, CFA
  • Monetary unions
Summary expansion
We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis--vis their long-run equilibrium paths. for both CEMAC and WAEMU, our results indicate that: (i) the fundamentals account for most of the fluctuation of the real effective exchange rates, with increases in the terms of trade, government consumption, and productivity improvements causing the exchange rate to appreciate, and increases in investment and openness leading to a depreciation; (ii) at end-2005 both the CEMAC and WAEMU real effective exchange rates were broadly in line with their long-run equilibrium values; and (iii) following a shock, reversion to equilibrium is twice as fast in WAEMU than in CEMAC
Label
FEER for the CFA Franc, Yasser Abdih and Charalambos G. Tsangarides, (electronic resource)
Instantiates
Publication
Note
"October 2006."
Bibliography note
Includes bibliographical references (p.37-40)
Control code
OCM1bookssj0000940801
Dimensions
unknown
Extent
40 p.
Governing access note
License restrictions may limit access
Other physical details
ill.
Specific material designation
remote
System control number
(WaSeSS)ssj0000940801
Label
FEER for the CFA Franc, Yasser Abdih and Charalambos G. Tsangarides, (electronic resource)
Publication
Note
"October 2006."
Bibliography note
Includes bibliographical references (p.37-40)
Control code
OCM1bookssj0000940801
Dimensions
unknown
Extent
40 p.
Governing access note
License restrictions may limit access
Other physical details
ill.
Specific material designation
remote
System control number
(WaSeSS)ssj0000940801

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