Coping with Shocks: Growing Debt and Erratic Public Investment

Ali Zafar ()

Chapter Chapter 23 in The CFA Franc Zone, 2021, pp 143-145 from Springer

Abstract: Abstract A related challenge with the CFA zone is the inability to adjust to terms of trade shocks and the corresponding impact on debt and public investment. If the exchange rate is rigid, the country can either borrow and increase debt or undertake a costly fiscal consolidation via an internal adjustment strategy.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-71006-4_23

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DOI: 10.1007/978-3-030-71006-4_23

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