In recent years, this interest has been reflected in Sylviane Guillaumont Jeanneney's book Politiques et stratégies de change dans les pays en développement (Exchange rate policies and strategies in developing countries) published by Economica in 2015, which is a product of the teaching given as part of CERDI’s Masters degree in Economic Management and Policy.
The analysis of exchange rate policies focused mainly on Africa and its role in the competitiveness of the continent's economies, in particular through the Sustainable Competitiveness Observatory.
Particular attention is paid to the question of CFA francs, given the intensity of the controversies on this subject. FERDI's work advocates a scientific and dispassionate look on the possible and desirable changes in the rules of the Franc Zone.
The impact of China's exchange rate policy on Africa, compared to that of the United States and the Euro Zone, has also been investigated in depth.
FERDI has challenged a number of preconceived ideas. In particular, FERDI showed how in poor countries the systematic undervaluation of the currency could have a negative impact on labor productivity and poverty reduction and was therefore not the right way to promote the industrialization of Africa.
As far as the Franc Zone is concerned, it has put into perspective the idea of a permanent overvaluation of CFA francs (see: the Observatory of Sustainable Competitiveness) and shown that membership of the Franc Zone does not have a negative impact on economic growth (Project on Franc Zone in progress).