Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe
The lack of external competitiveness in the CFA zone resulting from an appreciation of the CFA franc and deterioration of the terms of trade, is believed to be one of the major causes of the poor performance of the zone in the 1980s and early 1990s. The objective of this study is to investigate the...
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| Format: | Article |
| Language: | English |
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Faculty of Business and Management ; UiTM Press
2002
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| Online Access: | https://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf |
| _version_ | 1825733918232412160 |
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| author | Toulaboe, Dosse |
| author_facet | Toulaboe, Dosse |
| author_sort | Toulaboe, Dosse |
| collection | UITM |
| description | The lack of external competitiveness in the CFA zone resulting from an appreciation of the CFA franc and deterioration of the terms of trade, is believed to be one of the major causes of the poor performance of the zone in the 1980s and early 1990s. The objective of this study is to investigate the effects of a nominal CFA devaluation on
the external competitiveness of the CFA zone. Based on pooled cross-section timeseries data regressions, the real effective exchange rate (a measure of external competitiveness) is found to be strongly related to productivity, terms of trade, trade policies and, most importantly, nominal CFA devaluation. The results indicate that a nominal devaluation of the CFA franc can help the zone regain (or maintain) its international competitiveness. |
| first_indexed | 2024-03-06T01:24:04Z |
| format | Article |
| id | oai:ir.uitm.edu.my:11429 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:24:04Z |
| publishDate | 2002 |
| publisher | Faculty of Business and Management ; UiTM Press |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:114292016-11-29T08:54:09Z https://ir.uitm.edu.my/id/eprint/11429/ Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe jibe Toulaboe, Dosse Competition. International competition International finance The lack of external competitiveness in the CFA zone resulting from an appreciation of the CFA franc and deterioration of the terms of trade, is believed to be one of the major causes of the poor performance of the zone in the 1980s and early 1990s. The objective of this study is to investigate the effects of a nominal CFA devaluation on the external competitiveness of the CFA zone. Based on pooled cross-section timeseries data regressions, the real effective exchange rate (a measure of external competitiveness) is found to be strongly related to productivity, terms of trade, trade policies and, most importantly, nominal CFA devaluation. The results indicate that a nominal devaluation of the CFA franc can help the zone regain (or maintain) its international competitiveness. Faculty of Business and Management ; UiTM Press 2002 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe. (2002) Journal of International Business, Economics and Entrepreneurship (JIBE) <https://ir.uitm.edu.my/view/publication/Journal_of_International_Business,_Economics_and_Entrepreneurship_=28JIBE=29/>, 9 (1). pp. 1-17. ISSN 0128-7494 https://jibe.uitm.edu.my/ |
| spellingShingle | Competition. International competition International finance Toulaboe, Dosse Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title | Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title_full | Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title_fullStr | Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title_full_unstemmed | Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title_short | Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe |
| title_sort | currency devaluation and international competitiveness the case of the cfa zone of west and central africa dosse toulaboe |
| topic | Competition. International competition International finance |
| url | https://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf |
| work_keys_str_mv | AT toulaboedosse currencydevaluationandinternationalcompetitivenessthecaseofthecfazoneofwestandcentralafricadossetoulaboe |