Analyses of the individual franc zone countries of sub-Saharan Africa generally indicate that the real exchange rate adjustment that has taken place to date is not sufficient to be consistant with healthy external balances and growth. The major objective of this paper is to explore the reasons why the underlying economic changes in the franc zone economies have not translated into real depreciation within the institutional framework of the franc zone...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1987/04/30
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Рабочий документ департамента
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CPD8707
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1
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1
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2017/11/19
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Disclosed
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Adjustment in the Franc zone : focus on the real exchange rate
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