Fundamentals of the Real Exchange Rate of the CFA Franc in WAEMU: An Application of Non-Stationary Panel Data Econometrics

2018 ◽  
Author(s):  
Kwami Ossadzifo Wonyra
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Real Exchange Rate ◽  
The Real ◽  
Panel Data Econometrics ◽  
Cfa Franc

scholarly journals THRESHOLD OF REAL EXCHANGE RATE AND THE PERFORMANCE OF MANUFACTURING INDUSTRY IN INDONESIA

2014 ◽  
Vol 16 (4) ◽  
pp. 347-368
Author(s):  
Ndari Surjaningsih ◽  
Novi Maryaningsih ◽  
Myrnawati Savitri
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Real Exchange Rate ◽  
Total Factor Productivity ◽  
Large Scale ◽  
Manufacturing Industry ◽  
Factor Productivity ◽  
The Real

This paper analyzes the presence of the threshold of the real rupiah exchange rate which influences the profitability of manufacturing industry in Indonesia. By using a non-dynamics panel data over medium and large scale companies during 2001-2009, we found the threshold of 82.4 for the real rupiah exchange rate (REER). The REER index ranging from 82.24 to 101.13 with the change value between -5.01% and 20.09% (yoy) is secure for the profitability of Indonesian manufacturing industry. This paper also conform the significant affect of Total Factor Productivity on firm’s profitability. Keywords: Profitability, Manufacturing industry, exchange rateJEL classification: F1, D21, L6

scholarly journals Foreign aid inflows and the real exchange rate in the CFA Franc zone

2009 ◽  
Vol n° 116 (4) ◽  
pp. 37-51
Author(s):  
Bazoumana Ouattara ◽  
Eric Strobl
Keyword(s):  
Exchange Rate ◽  
Foreign Aid ◽  
Real Exchange Rate ◽  
Franc Zone ◽  
The Real ◽  
Cfa Franc Zone ◽  
Cfa Franc

scholarly journals The Question of ECO Stowage: A Response from the Study of the Misalignment of the CFA Franc in WAEMU

2020 ◽  
pp. 24-33
Author(s):  
Nahoussé Diabate
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
World Bank ◽  
West African ◽  
Productive Capacity ◽  
Macroeconomic Policies ◽  
The Real ◽  
The World Bank ◽  
The International Monetary Fund ◽  
Cfa Franc

The objective of our work is to provide an answer to the question of whether or not to link ECO to EURO. For this, we assume that CFA franc is constantly misaligned. Based on WAEMU’s equation of the real exchange rate estimated, we obtain the series of the real exchange rate of balance and the level of misalignment through the HP approach. We use annual WAEMU data for the period 1980-2017 from the World Bank, the International Monetary Fund and the Central Bank of West African States. This result questions the effectiveness of a fixed stowage of the new currency, the ECO to the EURO. However, before the adoption of this new currency, the evaluation of the position of exchange reserves in ECOWAS is necessary. In addition, strengthening productive capacity and better coordination of macroeconomic policies within the ECOWAS economies is highly recommended. It would also be wise to reconsider the budgetary management of ECOWAS states member in order to achieving more convergence.

scholarly journals THRESHOLD OF REAL EXCHANGE RATE AND THE PERFORMANCE OF MANUFACTURING INDUSTRY IN INDONESIA

2014 ◽  
Vol 16 (4) ◽  
pp. 373-394
Author(s):  
Ndari Surjaningsih ◽  
Novi Maryaningsih ◽  
Myrnawati Savitri
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Real Exchange Rate ◽  
Total Factor Productivity ◽  
Large Scale ◽  
Manufacturing Industry ◽  
Jel Classification ◽  
Factor Productivity ◽  
The Real

This paper analyzes the presence of the threshold of the real rupiah exchange rate which influences the profitability of manufacturing industry in Indonesia. By using a non-dynamics panel data over medium and large scale companies during 2001-2009, we found the threshold of 82.4 for the real rupiah exchange rate (REER). The REER index ranging from 82.24 to 101.13 with the change value between -5.01% and 20.09% (yoy) is secure for the profitability of Indonesian manufacturing industry. This paper also conform the significant affect of Total Factor Productivity on firm’s profitability.  Keywords: Profitability, Manufacturing industry, exchange rate JEL classification: F1, D21, L6

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