Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case

The Franc Zone Case

Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case
This paper compares monetary policy of currency boards with that of the franc zone during the period 1956-2005. It concludes that monetary policy in the zone was more autonomous than under a currency board, even though both systems faced the same exchange rate constraint. So far, the contingency line provided by the French treasury and capital... READ MORE...

Publication date: February 2007
ISBN 9781451865981
$18.00

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