Aftermath of the CFA Franc Devaluation /

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in i...

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Bibliographic Details
Main Authors:	Cossé, Stéphane, Cossé, Stéphane
Other Authors:	Clément, Jean A. P, Clément, Jean, Clément, Jean, Le Dem, Jean, Mueller, Johannes
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 1996
Series:	IMF eLibrary Occasional Papers ; Occasional Paper No. 138 Occasional Papers; Occasional Paper ; No. 1996/004
Subjects:	Devaluation of currency > Africa, French-speaking Equatorial Devaluation of currency > Africa, French-speaking West French franc area Monetary policy > Africa, French-speaking Equatorial Monetary policy > Africa, French-speaking West Balance of payments Bilateral agreements Bilateral creditors Bilateral donor Bilateral donors Budget allocations Budget law Budget laws Budgetary positions Central bank Central banks Commercial creditors Commercial debt Commodity prices Current account adjustment Current account balance Current account deficit Current account deficits Current account Debt burden Debt data management Debt data Debt management capacity Debt management Debt outstanding Debt reduction Debt relief Debt service Debt servicing Debt situations Debt sustainability Debt-service burden Debt-service obligations Debt-service Discount rate Discount rates Domestic borrowing Domestic consumption Domestic debt management Domestic debt Domestic demand Domestic financing Domestic indirect taxes Domestic investment Domestic savings Domestic taxes Economic integration Expenditure growth Expenditure policies Expenditure restraint Expenditure Export crops Export sector Export taxes External debt data External debt management External debt service External debt situations External debt sustainability External debt External financing External payments arrears External payments External position External public debt External shocks External tariff External tariffs Fiscal adjustment Fiscal consolidation Fiscal constraints Fiscal imbalances Fiscal policy Fiscal position Fiscal sustainability Foreign aid Foreign debt Government budgets Government deficits Government expenditure Government revenue Government securities Import duty Import substitution Imported inputs Independent monetary policy Indirect tax harmonization Indirect tax Indirect taxes Inflation Integration efforts International monetary system International trade Legal reserve requirements Liquidity ratio Long-term debt Long-term loans Minimum reserve requirement Minimum reserve requirements Monetary area Monetary areas Monetary arrangements Monetary authorities Monetary authority Monetary community Monetary conditions Monetary cooperation Monetary financing Monetary fund Monetary instrument Monetary instruments Monetary management Monetary policies Monetary policy instruments Monetary policy objectives Monetary policy Monetary reforms Monetary standard Monetary survey Monetary system Monetary targets Monetary union Monetary unions Money balances Money demand Money market Money markets Money stock Multilateral debt Multilateral institutions Neighboring countries Net debtor New money Official creditors Official reserves Open market operations Output growth Per capita income Price liberalization Primary expenditure Private creditors Public debt Public expenditure reviews Public expenditure Public external debt Public finance Public finances Public spending Quantitative restrictions Regional integration Regulatory framework Reserve positions Reserve ratios Reserve requirement Reserve requirements Revenue collection Short-term debt Stable prices Stock of debt Stock-of-debt operations Structural adjustment policies Structural adjustment Substantial debt Tariff levels Tariff rates Tax administration Tax administrations Tax base Tax collection Tax collections Tax rates Tax reform Tax reforms Tax revenue Tax revenues Tax structure Tax system Taxation Terms of trade Tradable goods Trade flows Trade regime Trade taxation Trade taxes Trading partners World market Banking Banks and Banking Banks and banking Banks Business Taxes and Subsidies Commercial banks Currency Debt Management Debt Debts, Public Depository Institutions Expenditures, Public Exports and Imports Finance Financial Aspects of Economic Integration Financial institutions Fiscal Policy Foreign exchange General Financial Markets: General (includes Measurement and Data) International Trade Organizations International economics Labor Macroeconomics Micro Finance Institutions Monetary economics Money and Monetary Policy Mortgages National Government Expenditures and Related Policies: General Public Finance Public finance & taxation Revenue administration Revenue Sovereign Debt Spendings tax Tariff Tariffs Tax administration and procedure Tax administration core functions Taxation, Subsidies, and Revenue: General Taxes Trade Policy Burkina Faso Cameroon Central African Republic Comoros Congo, Democratic Republic of the Equatorial Guinea

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Aftermath of the CFA Franc Devaluation /

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