Real Exchange Rate Misalignment in the cfa franc zone after the cfa franc devaluation of January 1994

Oscar Kuikeu

MPRA Paper from University Library of Munich, Germany

Abstract: In cfa franc zone, the exchange rate was devalued, in January 1994, in order to deal with the major macroeconomic imbalances that have affected the members during the 1980 decade. Thus, the aim of this paper is to assess the degree of over/undervaluation (namely real exchange rate misalignment) of the currency in the cfa franc zone since the cfa franc devaluation of January 1994.

Keywords: equilibrium real exchange rate; cfa franc zone; cointegration; panel (search for similar items in EconPapers)
JEL-codes: C33 F31 (search for similar items in EconPapers)
Date: 2013-12-31
New Economics Papers: this item is included in nep-afr, nep-mon and nep-opm
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