The CFA Franc and the Euro: Has the introduction of the euro increased bilateral trade between the Eurozone and the CFA Franc zone?
Before the introduction of the euro in 1999, the CFA Franc was pegged towards the French national currency the Franc at a fixed parity. When France adopted the European single currency as its legal tender, the currency arrangement of 14 African counties changed as well. This paper examines whether the euro has had any significant effect on trade between the CFA franc zone and the Eurozone countrie