Towards Monetary Policy Autonomy in the CFA Franc Zone
TOWARDS MONETARY POLICY AUTONOMY IN CFA FRANC ZONE: Lessons from the European Union (EU), the South African Common Monetary Area (CMA), and Estonia for … Risk Management, and Compliance (GRC)) by Uwem Essia
English | August 25, 2024 | ISBN: N/A | ASIN: B0DF9K83R4 | 64 pages | EPUB | 0.33 Mb
English | August 25, 2024 | ISBN: N/A | ASIN: B0DF9K83R4 | 64 pages | EPUB | 0.33 Mb
"Towards Monetary Policy Autonomy in the CFA Franc Zone" critically examines the potential pathways for reforming the CFA franc arrangement, a currency system several African countries use. This comprehensive study explores three possible scenarios: a unilateral exit by a single member state, forming a new common currency area, and comprehensive reform within the existing CFA framework. Drawing lessons from the European Monetary Union, the South African Common Monetary Area, and Estonia's successful reforms, the report advocates for a strategic approach that promotes economic self-sufficiency and integration. Supported by the Nkafu Policy Institute and funded by the Templeton World Charity Foundation, this report provides actionable policy recommendations to enhance economic sovereignty and resilience in Francophone Africa, offering a bold vision for a reformed, sustainable economic future. Ideal for policymakers, economists, and scholars, this work is a critical resource for understanding the dynamics and potential of the CFA franc zone.