Franc Zone, economic growth and poverty reduction

Abstract

Econometric analysis of the long term consequences of Zone franc membership for economic growth and poverty reduction in African member countries let evidence two main conclusions. First the possible costs linked to rate of exchange fixity seem limited. Second the benefits linked to monetary stability, while they have not been significant as for the economic growth of member countries, have been so for poverty reduction, meaning a more inclusive growth in Franc Zone.
Citation

Feindouno S., Guérineau S., Guillaumont P., Guillaumont Jeanneney S., Plane P. (2019) "Franc Zone, economic growth and poverty reduction", FERDI Policy brief B195