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Publications (8)
Working Paper
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– An exploration based on a multidimensional measure of financial inclusion
Using a nationally representative household survey data set from Ghana, this paper provides empirical evidence regarding the role of financial inclusion or financial exclusion in household welfare. We first compute a multidimensional index of financial inclusion, and then we examine the effect of...
The fourteen members of the African CFA Franc Zone represent the largest monetary unions in the southern hemisphere, predating the European Monetary Union by decades. With monetary unions planned for other parts of Africa in the near future, this book focuses on some of the key challenges facing the...
Book Chapter
– Evidence from the West African Economic and Monetary Union
From the book:
Macroeconomic Policy in the Franc Zone
Book Chapter
– Time-Series and Cross-Country Evidence from the Franc Zone Countries of Sub-Saharan Africa
From the book:
Macroeconomic Policy in the Franc Zone
Working Paper
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This paper brings out that poverty increased massively in the wake of the 1994 devaluation of the CFA franc, despite a significant recovery of economic growth. Although this increase affected all the social groups, it fell mostly on the urban poor. An analytical model is presented, which explains...
Working Paper
pdf
– Time-series and Cross-country Evidence from the CFA-zone Countries of sub-Saharan Africa
The causes of the slow growth of CFA countries are investigated. There is little difference in this respect between the CFA and other sub-Saharan African countries. Since 1970, GDP growth in the CFA countries has shown no significant trend but one or two medium-term fluctuations (positive in 1979-83...
Working Paper
pdf
– Evidence from the West African Economic and Monetary Union
The West African Economic and Monetary Union (UEMOA) has a history of monetary stability and low inflation. Nevertheless, there is substantial variation in relative prices within some UEMOA countries, in particular in the price of food relative to other elements of the retail price index (IHPC)...
Working Paper
pdf
An equal distribution of assets is a crucial element in the process of economic transition from plan to market. In the socialist era most physical assets were owned by the state and private ownership was not very important for most individuals. When the state abandons the socialist system and...
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