caa a22 4500 397559305 CHVBK 20180308164812.0 cr unu---uuuuu 161202e199603 xx s 000 0 eng 10.1093/oxfordjournals.jae.a020899 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.jae.a020899 Savvides Andreas Oklahoma State University CFA Franc Zone Membership and Exchange Rate Variability [Elektronische Daten] [Andreas Savvides] This paper investigates the variability of nominal and real exchange rates of the members of the CFA Franc Zone by comparing it with those of other African countries. The study draws three conclusions. First, both nominal and real exchange rate variability increased during the flexible exchange rate period for all countries. Second, Zone members experienced lower nominal variability in comparison with their real variability. Finally, membership of the Zone results in lower nominal variability in comparison with that of non-members. The Zone members, however, experience no significant difference in real variability compared with that of non-members. © Centre for the Study of African Economies Articles nationallicence Journal of African Economies Oxford University Press 5/1(1996-03), 52-68 0963-8024 5:1<52 1996 5 jafeco https://doi.org/10.1093/oxfordjournals.jae.a020899 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.jae.a020899 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Savvides Andreas Oklahoma State University NATIONALLICENCE 773 0- Journal of African Economies Oxford University Press 5/1(1996-03), 52-68 0963-8024 5:1<52 1996 5 jafeco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford