Pertinence de la dévaluation du franc cfa de Janvier 1994: une approche par le taux de change réel d’équilibre. Cas de l’économie camerounaise ― Nouveaux Résultats

Kuikeu, Oscar (2021): Pertinence de la dévaluation du franc cfa de Janvier 1994: une approche par le taux de change réel d’équilibre. Cas de l’économie camerounaise ― Nouveaux Résultats.

Abstract

Following Bouoiyour et Kuikeu (2007) the structural reforms gives to policie’s orientation in Cameroon before the cfa franc’s adjustment of cfa franc of 1994 have been able to improve it’s international competitivity. Thus is this means that the structural reforms are significant for policies orientation in particular exchange rate poliies? Otherwise why are the main set of these that can capture this beneficial trend considering the main aim of emergence pursue by country as Cameroon? These are the main questions that we are trying to answer, here. Globally Speaking, considering our results cointegration techniques are revealed as an potential engine to assess this kind of questions because he have been able to make comparison beteween episodes of over/undervaluation of cfa franc in Cameroon with it’s economic activity.

• Item Type: MPRA Paper
• English Title: Relevance of the cfa franc devaluation of 1994: an assessment with the equilibruim real exchange rate. Case of Cameroon - New Insights
• Language: French
• Keywords: exchange rate exchange rate policy economic activity
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

References

Baffes J., Elbadawi I.A. et O’Connel S. (1999) ‘Single equation estimation of the equilibrium real exchange rate’, Hinkle L. and Montiel P. (eds), Exchange rate misalignment: concepts and measurement for developing countries. World Bank Research Publication, Washington DC.

Bouoiyour J. et Kuikeu O.V. (2007) « Pertinence de la dévaluation du Franc CFA de janvier 1994: Une évaluation par le taux de change réel d’équilibre. Cas de l’économie camerounaise », MPRA Paper 31357, University Library of Munich, Germany.

Johansen S. et Juselius K. (1990) “Maximum Likehood estimation and inference on Cointegration – with application to demand for money”, Oxford Bulletin of Economics and statistics, vol.52, n°2, pp. 169-210.

Kuikeu O.V. (2011) “A New Explanation on Real Exchange Rate Misalignment Effect on Economic Growth: Evidence from Cameroon” (August 29, 2011). Available at SSRN: https://ssrn.com/abstract=1919206 or http://dx.doi.org/10.2139/ssrn.1919206.

Kuikeu O.V. (2008) Quatre essais sur la stabilité monétaire. Thèse de Doctorat ès sciences économiques. Université de Pau (France).