THE OPTIMALITY OF THE EXCHANGE RATE REGIME IN THE UEMOA ZONE - Amani Epse Konan, Aya Marie Estelle
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In our study, we addressed the issue of the exchange rate regime for the countries of the West African Economic and Monetary Union (WAEMU). Based on the method of Edwards (1989), we first estimated the equilibrium real exchange rate of the UEMOA zone by Ordinary Least Squares (OLS) from its determinants and then determined the vector of the optimal exchange rate of the UEMOA zone. We then analyzed the impact of the optimal exchange rate on the economic growth of WAEMU countries after having previously analyzed the impact of the current real exchange rate on the economic growth of WAEMU…mehr

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Produktbeschreibung
In our study, we addressed the issue of the exchange rate regime for the countries of the West African Economic and Monetary Union (WAEMU). Based on the method of Edwards (1989), we first estimated the equilibrium real exchange rate of the UEMOA zone by Ordinary Least Squares (OLS) from its determinants and then determined the vector of the optimal exchange rate of the UEMOA zone. We then analyzed the impact of the optimal exchange rate on the economic growth of WAEMU countries after having previously analyzed the impact of the current real exchange rate on the economic growth of WAEMU countries by Generalized Least Squares (GLS) with instrumental variables. These econometric studies showed that the optimal exchange rate obtained has a positive impact on the economic growth of WAEMU countries while the current real exchange rate has a negative impact on the economic growth of these countries.
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Autorenporträt
La Dra. AMANI Aya Marie Estelle se casa con KONAN. Casado, un hijo.Marfileño. Doctorado en Economía obtenido por la Universidad Félix Houphouët Boigny en Abidjan en 2018. 3 publicaciones incluyendo un libro y dos artículos de investigación. Habilidades. Economía general. Macroeconomía aplicada. Economía Financiera. Investigación científica.