By Stéphane Cossé,Johannes Mueller,Jean Le Dem,Jean A. P. Clément,Jean A. P. Clement

advancements within the nations of the CFA franc region within the aftermath of the January 1994 devaluation of the CFA franc are reviewed during this paper. Following a precis of the hot adjusment procedure, the papers describes the development made and the problems encountered in the course of 1994 and early 1995 in enforcing the courses supported via use of IMF resources.

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