01661cas a2200241 a 4500 AALejournalIMF008651 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451931990 1018-5941 BD-DhAAL BD-DhAAL Boughton, James. The CFA Franc Zone : Currency Union and Monetary Standard / James Boughton. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (60 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The CFA franc zone comprises a group of countries in central and west Africa whose currencies have been firmly linked to the French franc since 1948. It combines the features of a currency union with those of an exchange rate peg, and an analysis of its effectiveness must examine both dimensions. Viewed from the perspective of a currency union among the African countries, it would appear that the zone would not constitute an optimum currency area. But when France is viewed as an integral part of the system, the benefits-including discipline, credibility, and stability in international competitiveness-become clearer. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/133 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/133/001.1991.issue-133-en.xml IMF e-Library