The Political Economy of a Common Currency : The Cfa Franc Zone since 1945 (The International Political Economy of New Regionalisms)

The Political Economy of a Common Currency : The Cfa Franc Zone since 1945 (The International Political Economy of New Regionalisms)

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  • 製本 Hardcover:ハードカバー版／ページ数 208 p.
  • 言語 ENG
  • 商品コード 9780754634690
  • DDC分類 332.456609660917541

基本説明

An essential introduction to the political economy of French African monetary relations.

Full Description


In this title, David Stasavage explores several alternative political economy explanations for the persistence of the Franc Zone and its macroeconomic management over the period 1945 to 2000. He addresses the issue of sustainability and asks why the Franc Zone has survived despite several major political and economic shocks that might have easily led to its dissolution. These include decolonisation, France's entry into the European Community and the growing marginalisation of Africa in world affairs. He also considers the issue of credibility and in particular the extent to which the Franc Zone arrangements commit member states to prudent macroeconomic policies.