Munich Personal RePEc Archive

La Coopération internationale à l’épreuve des faits : sur quelle base légiférer ? enseignements des relations de parité monétaire. Le cas de la Communauté économique et Monétaire d’Afrique centrale (CEMAC)

Kuikeu, Oscar (2020): La Coopération internationale à l’épreuve des faits : sur quelle base légiférer ? enseignements des relations de parité monétaire. Le cas de la Communauté économique et Monétaire d’Afrique centrale (CEMAC).

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Abstract

Some facts embedding particularly in the UIP relation lies at the heart of this kind of cooperation on the aspect of Money because this can help to assess the competition necessary between the anchor economy and the one’s who is pegged to his currency in the convolution of this Old parity comparatively to interest of the national economy as represented by the nominal parity compare to the local currency unit. Is this means that UIP holds in CEMAC’s Community? In other words, if CEMAC’s Community is an representative case to assess the verifiability of this relation of UIP how to make this liability considering the coexistence of multiple monetary regime considering in the one hand the Advent of an unique discount rate as the main instrument for the Central Bank and the manipulation of the anchor in 94 with the devaluation and the coming of the unique currency European currency in the late of the decade? These are the questions we are trying to answer, here. Globally speaking time series techniques of integrated process are an valuable engine to tackle this kind of consideration with the ability to make some assumption on the robustness of the relation a la Engle-Granger notably.

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