声明
CHAPTER I INTRODUCTION
1.1 Why study this subject
1.2 HYPOTHESES
CHAPTER II LITERATURE REVIEW
2.1The quantity theory of money
2.2The IS-LM model in the determination of output
2 .3 Empirical literature
2.4 Conclusion
CHAPTER III THE HISTORY AND CREATION OF CEMAC AND BEAC
3.1 Creation of CEMAC
3.2The Franc zone and the CFA Zone7:
3.3 Devaluation of CFAF
3.4 Pegging the CFA Franc to Euro
3.5 Monetary cooperation between France and CFA zone
3.6 Creation of BEAC
3.7 The Central Africa Banking Commission (COBAC)
3.8 Monetary policy at BEAC
3.9 The conduct of monetary policy by BEAC Since 1972
3.10 Banking system
3.11 Financial market
3.12 Policy of convergence in CEMAC countries
3.13 Conclusion
CHAPTER IV ECONOMIC STRUCTURE OF CEMAC COUNTRIES
4.1 Economic situation in Cameroon
4.2 Economic situation of Central African Republic (CAR)
4.3 Economic situation of Chad
4.4 Economic situation in Republic of Congo (CONGO)
4.5 Economic situation in Equatorial Guinea
4.6 Economic situation in Gabon
4.7 Economic integration in CEMAC region
4.8 Infrastructure in CEMAC countries
4.9 Conclusion
CHAPTER V METHOD AND MODEL
5.1 Data sources and definition of variables
5.2 The model
5.3Descriptive statistics analysis
CHAPTER VI ESTIMATION AND DISCUSSION OF EMPIRICAL RESULTS
6.1 OLS ESTIMATION
6.2 Discussion of results
6.3 Fixed Effect Estimation
6.4Discussion of the Fixed Effect Results
6.5 GMM Estimation
6.6 Discussion of GMM Estimation
6.7Conclusion
CHAPTER VII CONCLUSION AND RECOMMENDATIONS
7.1Reform at institutional level
7.2 Reform at BEAC and the role of financial system
APPENDICES
LIST OF ABREVIATIONS
致谢
参考文献
