1,762,184 research outputs found
Membership in the CFA zone : Odyssean journey or Trojan horse?
No full textFor most of the 13 African members of the CFA Franc Zone, the 1980s have been a decade of slow or negative growth in per capita gross domestic product, worsening balance of payments, debt crises, financial crises declining competitiveness, and an apparent failure to adjust to the changed environment they inherited from the 1970s. This paper reassesses the costs and benefits of membership in the CFA Franc Zone in light of its members'poor performance in the 1980s. The assessment is based on comparisons of the members'performance indicators with indicators for comparator groups: other countries in sub-Saharan Africa, other low- and middle-income countries, and other exporters of fuel and primary goods. Performance indicators for members of the CFA Zone deteriorated more than indicators for other groups. Growth and investment rates fell more for CFA countries. This decline is attributed to the CFA members'declining competitiveness as other countries undertook adjustment programs that emphasized depreciation of the real exchange rate. The burden of adjustment appears to have fallen disproportionately on reduced spending, particularly reduced investment.Achieving Shared Growth,Environmental Economics&Policies,Macroeconomic Management,Economic Theory&Research,Economic Stabilization
Monetary Policy in the CFA Zone: Country-level Credit Policy
No full textmonetary policy, CFA zone, credit control
Fixed parity of the exchange rate and economic performance in the CFA zone : a comparative study
No full textThe authors compare economic performance in the CFA (franc) zone with the economic performance in similar countries outside the CFA zone in recent years. The results of their model estimates indicate that the competitive position for CFA members was weaker in the second half of the 1980s than in the first half and weaker than in non-CFA countries in terms of output growth as well as the performance of exports, investment, and savings. The exception was domestic inflation: the CFA fared better on that front. Results for a longer-term comparison are somewhat mixed. The CFA zone performed better than the others in exports, domestic savings and investment, and inflation, but failed in the long run to distinguish itself in terms of economic growth. The authors use a modified control group approach to compare changes in macroeconomic indicators in the CFA countries with those in countries elsewhere in sub-Saharan Africa and similar low-income developing countries. They control for initial conditions, changing exogenous internal and world environment, and policy stance. Their approach allows for a formal testing of whether zone membership is a random choice. The implication of randomness is that the CFA zone economies would have performed the same as the rest of sub-Saharan Africa, for example, if there had been no zone. Their results show the assumption of randomness to be valid only for GDP growth and inflation.Economic Theory&Research,Environmental Economics&Policies,Economic Stabilization,Achieving Shared Growth,Financial Intermediation
The Costs and Benefits Analysis of CFA Membership: The Choice of an Exchange Rate Regime for the CFA Countries Zone
No full textCFA franc zone, exchange rate regime choice, political instability
Prestongrange Community Archaeology Project: Desk-based Assessment
No full textThis report describes the results of historical research and archaeological desk-based assessment undertaken in June 2004 by CFA Archaeology Ltd and Dr Richard Oram as part of the Prestongrange Community Archaeology Project (PCAP). This research represents the first stage of a larger data structure report that will be produced in 2005 following the completion of all work on the PCAP
Lilian Mathieu. Espacios de los movimientos sociales en Francia y en Argentina: las luchas alrededor de la prostitución, de los derechos reproductivos y de la homosexualidad
No full textDibujo: Iñaki Echeverría 2021 El sociólogo francés Lilian Mathieu, especialista de los movimientos sociales es parte de la programación del CFA para el año 2021. Por razones de público conocimiento, su seminario ha sido postergado hasta que estén reunidas las condiciones sanitarias que permitan que el CFA pueda retomar sus actividades normales. Mientras tanto, nos agrada presentar dos intervenciones del autor, directamente relacionadas con su futuro seminario en Buenos Aires. 1/ ¿Penaliz..
Antropología de la vulnerabilidad, por Michel Naepels
No full textMichel Naepels, Dans la détresse. Une anthropologie de la vulnérabilité, Paris, éditions de l’EHESS, 2019 El antropólogo Michel Naepels visitó el CFA en abril 2018, para dictar un seminario dedicado precisamente a una temática abordada en el presente ensayo: "Violencia miliciana, vulnerabilidad cotidiana y reproducción social en Katanga (Républica de Democrática del Congo)". El libro que presentamos aquí plasma el trabajo llevado a cabo en estos últimos años. Se inspira en tres fuentes : su..
The impact of the strong euro on the real effective exchange rates of the two Francophone African CFA Zones
No full textThe author estimates the degree of misalignment of the CFA franc since the introduction of the euro in 1999. Using a relative purchasing power parity-based methodology, he develops a monthly panel time series dataset for both the Economic and Monetary Community of Central Africa (CEMAC) zone and the West African Economic and Monetary Union (UEMOA) zone to compute a trade-weighted real effective exchange rate indexed series from January 1999 to December 2004. The author's main finding is that the real effective exchange rate appreciated by close to 8 percent in UEMOA and 7 percent in CEMAC, influenced by volatility in the euro-dollar bilateral exchange rate and conservative monetary policies in the two zones, resulting in a partial loss of competitiveness in export markets. The lower appreciation in Central Africa can be explained by lower inflation in CEMAC than in UEMOA and by the greater trade with higher inflation East Asian countries, partially offset by the peg to the dollar. However, the inclusion of"unrecorded trade"results in an appreciation of only 6 percent in the UEMOA zone and 6 percent in the CEMAC zone due to higher inflation in the two countries with unmonitored cross-border flows, Ghana and Nigeria. Using time series econometrics, an Engle-Granger two stage procedure for cointegration, and an error correction framework, a single equation modeling of the real exchange rate from 1970 to 2005 as a function of terms of trade, economic openness, aid inflows, and a dummy representing the 1994 devaluation, the author finds little statistical evidence of a long-run equilibrium exchange rate that is a vector of economic fundamentals. The dummy explains most of the real exchange rate behavior in the two zones, while openness in UEMOA has contributed to an appreciation of the real effective exchange rate.Economic Stabilization,Economic Theory&Research,Macroeconomic Management,Fiscal&Monetary Policy,Free Trade
Historia de Palestina. Nadine Picaudou
No full textEn mayo de este año 2020, la profesora Nadine Picaudou, historiadora especialista del Medio Oriente, iba a dictar un seminario en el CFA sobre historia contemporánea de Palestina. La situación sanitaria nos obligó a suspenderlo por ahora, pero se mantiene la invitación a la profesora Picaudou, quien vendrá a dictarlo el año que viene. Aprovechamos para presentar varios trabajos de nuestra invitada - Un artículo sobre el año 1948, publicado en 2010 por la red de informaciones de Sciences ..
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