Documents & Reports

Do the benefits of fixed exchange rates outweigh their costs? The Franc Zone in Africa (English)

Abstract

The authors develop a simple, formal framework for clarifying the tradeoffs involved in choosing between a fixed and flexible exchange rate system. They apply this framework to the countries of Africa's CFA Zone, which have maintained fixed parity with...  See More +

Details

  • Devarajan, Shantayanan; Rodrik, Dani; Devarajan, Shantayanan*Rodrik, Dani;
  • 1991/10/31
  • Policy Research Working Paper;
  • WPS777
  • 1
  • 1
  • Africa
  • Africa
  • 2010/07/01
  • Do the benefits of fixed exchange rates outweigh their costs? The Franc Zone in Africa
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*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

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