Overview
Contains case studies and real life examples to highlight the challenges and opportunities within the CFA franc zone
Links the CFA franc zone to broader discussions on African development and employment
Utilizes graphs and diagrams to illustrate key trends and developments seen within the CFA franc zone
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Table of contents (38 chapters)
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CFA Zone Development Puzzles
Keywords
About this book
This book aims to present a macroeconomic and exchange rate framework to promote development and post-Covid recovery within the CFA franc zone. It will be of interest to students, researchers, and policymakers involved in African economics, the political economy, and development economics.
Reviews
Marcelo Giugale, Professor at Georgetown University and former Director of the World Bank's Department of Financial Advisory and Banking Services
When monetary unions were first established in Africa, there were reasons to believe that they might reduce transaction costs by integrating economies of member countries and promoting market efficiency, both of which should have led to better economic performance in the member countries. This book shows us how CFA Franc zones have failed to promote strong economic growth. It presents the glaring problems of institutional design in two CFA Franc Zones in Francophone Africa. It exposes how political interests, both in Africa and France, trumped the functioning of monetary and fiscal institutions.Serdar Yilmaz, Lead Public Sector Specialist, World Bank
Hinh T. Dinh, Senior Fellow, Policy Center for the New South, Rabat, Morocco and Senior Research Fellow, Indiana University, Bloomington, Indiana, USA.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: The CFA Franc Zone
Book Subtitle: Economic Development and the Post-Covid Recovery
Authors: Ali Zafar
DOI: https://doi.org/10.1007/978-3-030-71006-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-71005-7Published: 11 May 2021
Softcover ISBN: 978-3-030-71008-8Published: 12 May 2022
eBook ISBN: 978-3-030-71006-4Published: 11 May 2021
Edition Number: 1
Number of Pages: XXIII, 247
Number of Illustrations: 2 b/w illustrations, 25 illustrations in colour
Topics: African Economics, Development Economics, Political Economy/Economic Systems