Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe

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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Main Author: Toulaboe, Dosse
Format: Article
Language:English
Published: Faculty of Business and Management ; UiTM Press 2002
Subjects:
Competition. International competition
International finance
Online Access:http://ir.uitm.edu.my/id/eprint/11429/
http://ir.uitm.edu.my/id/eprint/11429/
http://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf
id uitm-11429
recordtype eprints
spelling uitm-114292016-11-29T08:54:09Z http://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 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 http://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf Toulaboe, Dosse (2002) Currency devaluation and international competitiveness : the case of the CFA zone of West and Central Africa / Dosse Toulaboe. Journal of International Business, Economics and Entrepreneurship (JIBE), 9 (1). pp. 1-17. ISSN 0128-7494 https://jibe.uitm.edu.my/
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Competition. International competition
International finance
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
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.
format Article
author Toulaboe, Dosse
author_facet Toulaboe, Dosse
author_sort Toulaboe, Dosse
title 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_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_sort currency devaluation and international competitiveness : the case of the cfa zone of west and central africa / dosse toulaboe
publisher Faculty of Business and Management ; UiTM Press
publishDate 2002
url http://ir.uitm.edu.my/id/eprint/11429/
http://ir.uitm.edu.my/id/eprint/11429/
http://ir.uitm.edu.my/id/eprint/11429/1/AJ_DOSSE%20TOULABOE%20JIBE%2002.pdf
first_indexed 2023-09-18T22:47:57Z
last_indexed 2023-09-18T22:47:57Z
_version_ 1777417351174553600

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