The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries

The study carried out on behalf of the Conference of Ministers of Agriculture of West and Central Africa represents one of the first attempts to analyze the impact of the devaluation of the CFA Franc that took place in early 1994. Its main focus is on the impact the change in parity has had on the c...

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Autor principal: Badiane, Ousmane
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 1996
Materias:
Acceso en línea:https://hdl.handle.net/10568/157113
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author Badiane, Ousmane
author_browse Badiane, Ousmane
author_facet Badiane, Ousmane
author_sort Badiane, Ousmane
collection Repository of Agricultural Research Outputs (CGSpace)
description The study carried out on behalf of the Conference of Ministers of Agriculture of West and Central Africa represents one of the first attempts to analyze the impact of the devaluation of the CFA Franc that took place in early 1994. Its main focus is on the impact the change in parity has had on the cereal sectors of the region, keeping in mind the limited time the economies have had to adjust to the changes. The study is based on data from selected countries, including Niger, Burkina Faso, Côte d'Ivoire, Ghana, Mali, and Senegal. The assessment of the impact of the devaluation of the CFA Franc in early 1994 on the cereal sector starts with the analysis of the historical relationships between cereal prices and the exchange rate in selected West Africa countries. In addition, a model examining the transmission of the changes in the value of the CFA franc to producer prices is developed and estimated, in order to gain more insight on the role of different factors in determining the level of transmission. In the subsequent parts of the study, a comparative analysis of the impact across cereal sectors and individual countries is carried out.
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spelling CGSpace1571132025-11-06T06:49:08Z The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries Badiane, Ousmane cereal products industry currencies devaluation The study carried out on behalf of the Conference of Ministers of Agriculture of West and Central Africa represents one of the first attempts to analyze the impact of the devaluation of the CFA Franc that took place in early 1994. Its main focus is on the impact the change in parity has had on the cereal sectors of the region, keeping in mind the limited time the economies have had to adjust to the changes. The study is based on data from selected countries, including Niger, Burkina Faso, Côte d'Ivoire, Ghana, Mali, and Senegal. The assessment of the impact of the devaluation of the CFA Franc in early 1994 on the cereal sector starts with the analysis of the historical relationships between cereal prices and the exchange rate in selected West Africa countries. In addition, a model examining the transmission of the changes in the value of the CFA franc to producer prices is developed and estimated, in order to gain more insight on the role of different factors in determining the level of transmission. In the subsequent parts of the study, a comparative analysis of the impact across cereal sectors and individual countries is carried out. 1996 2024-10-24T12:47:26Z 2024-10-24T12:47:26Z Working Paper https://hdl.handle.net/10568/157113 en Open Access application/pdf International Food Policy Research Institute Badiane, Ousmane. 1996. The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries. MTID Discussion Paper 8. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/157113
spellingShingle cereal products
industry
currencies
devaluation
Badiane, Ousmane
The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title_full The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title_fullStr The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title_full_unstemmed The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title_short The impact of the CFA devaluation on cereal markets in selected CMA/WCA member countries
title_sort impact of the cfa devaluation on cereal markets in selected cma wca member countries
topic cereal products
industry
currencies
devaluation
url https://hdl.handle.net/10568/157113
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