WAEMU at a Crossroads?

Bruno Cabrillac, Patrick Guillaumont, Sylviane Jeanneney and Jean-Michel Severino
Additional contact information
Bruno Cabrillac: FERDI - Fondation pour les Etudes et Recherches sur le Développement International
Patrick Guillaumont: FERDI - Fondation pour les Etudes et Recherches sur le Développement International
Sylviane Jeanneney: FERDI - Fondation pour les Etudes et Recherches sur le Développement International
Jean-Michel Severino: FERDI - Fondation pour les Etudes et Recherches sur le Développement International

Working Papers from HAL

Abstract: The monetary and exchange rate system of the West African Economic and Monetary Union (WAEMU) is characterised by a single currency, the West African CFA franc (XOF). Its anchor is a fixed exchange rate against the euro. France provides an unlimited and unconditional guarantee for this exchange rate regime. Despite the reforms introduced in 2019, which suppressed French participation in the institutions of the Monetary Union and the obligation to deposit a portion of reserves with the French Treasury, and which opened the door to a change in the name of money, this system is still the subject of criticisms, sometimes economic, more often political and even emotional. [...]

Keywords: Waemu; Monetary system; Exchange rate system (search for similar items in EconPapers)
Date: 2025-04-25
Note: View the original document on HAL open archive server: https://hal.science/hal-05046702v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-05046702v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-05046702

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().