| 内容摘要 | 第1-6页 |
| Abstract | 第6-15页 |
| Chapter 1: Introduction | 第15-38页 |
| Ⅰ. Background of the study | 第15页 |
| Ⅱ. Context of analysis | 第15-25页 |
| ·Historical and recent development of CFA | 第16-21页 |
| ·Context of monetary cooperation with France and economic situation of FZAC | 第21-25页 |
| Ⅲ. Statement of the problem | 第25-26页 |
| Ⅳ. Explanation of the topic | 第26-27页 |
| Ⅴ. Research questions and hypothesis | 第27页 |
| ·Research questions | 第27页 |
| ·Hypothesis | 第27页 |
| Ⅵ. Purpose and significance of the research | 第27-28页 |
| Ⅶ. Methodology of the research | 第28-29页 |
| Ⅷ. Definition of the concepts | 第29页 |
| Ⅸ. Literature review | 第29-35页 |
| ·Literature on the relation Exchange Rate-Growth | 第30-33页 |
| ·Theory on the free movement of capital and growth | 第33-34页 |
| ·Link between capital account liberalization and growth: some works | 第34-35页 |
| Ⅹ. Research innovation | 第35-36页 |
| ⅩⅠ. Research limitations | 第36-37页 |
| ⅩⅡ. Structure of the paper | 第37-38页 |
| Chapter 2: Analysis on CFA stowage and euro zone crisis: implications for FZ area economics and regional integration | 第38-60页 |
| Section 1: juridical implications of CFAF stowing to euro | 第38-42页 |
| Ⅰ. The Franco –African context | 第38-41页 |
| ·FZAC position | 第38-40页 |
| ·France attitude | 第40-41页 |
| Ⅱ. Franco –European debate and setting up of a new statute for FZAC | 第41-42页 |
| Section 2: the economic impacts for the African part (FZAC): case of euro zone crisis | 第42-57页 |
| Ⅰ. Overview of France and FZAC economic relations | 第42-46页 |
| ·France is losing his privilege in term of first trade partner dealing with FZAC | 第42-44页 |
| ·In term of investment and capital inputs | 第44-46页 |
| Ⅱ. Economic and financial incidences of EZ crisis | 第46-57页 |
| ·Analysis of channels of transmission of EZ crisis to FZAC economies | 第46-56页 |
| ·The impacts on poverty situation | 第56-57页 |
| Section 3: what consequences for the regional integration? | 第57-59页 |
| Ⅰ. Euro-CFA agreements and African countries regional integration | 第57页 |
| Ⅱ. The nature and implications of those agreements | 第57-59页 |
| Conclusion | 第59-60页 |
| Chapter 3: monetary policy target in CFA system and capital control: effects on saving and domestic financing | 第60-83页 |
| Section 1: essentials of the monetary policy of the African franc zone countries | 第60-67页 |
| Ⅰ. Objectives and instrument of monetary policy | 第60-63页 |
| ·What is objective of monetary policy? | 第60-61页 |
| ·Objectives of the monetary policy of the two unions (WAEMU and CEMAC) | 第61-63页 |
| Ⅱ. Central instrument and transmission channels of monetary policy | 第63-67页 |
| ·Central instrument of the monetary policy | 第63-65页 |
| ·Interest rate policy transmission channels | 第65-67页 |
| Section 2: the avatars of domestic saving in FZAC | 第67-77页 |
| Ⅰ. The popular domestic savings of the FZ AREA situation | 第67-73页 |
| ·Evolution in savings in WAEMU | 第67-68页 |
| ·Evolution of the savings in the CEMAC | 第68-73页 |
| Ⅱ. Analysis of the determinants of savings in FZAC | 第73-77页 |
| ·The current income | 第73-74页 |
| ·The Interest rate | 第74页 |
| ·The inflation | 第74-75页 |
| ·The degree of financial intermediation | 第75-77页 |
| Section 3: transformation of saving and problem of domestic financing | 第77-79页 |
| Ⅰ. Domestic investment in FZ AREA | 第77-78页 |
| ·Concept of domestic investment | 第77页 |
| ·The situation | 第77-78页 |
| Ⅱ. The use made of the capital of the people's savings | 第78-79页 |
| Section 4: the principle of free transferability of capital and problem of control of the capital | 第79-82页 |
| Ⅰ. Capital flight and capital outflows channels in FZAC | 第79-81页 |
| ·Concept of "capital flight" in the African context | 第79页 |
| ·The channels | 第79-81页 |
| Ⅱ. The principle of free transferability of capital is a cause of flight capital | 第81-82页 |
| Conclusion | 第82-83页 |
| Chapter 4: influence of CFA exchange rate system on foreign direct investment cost in FZAC | 第83-100页 |
| Section 1: definition of concepts and overview of evidences | 第83-91页 |
| Ⅰ. Some concepts definitions | 第84-85页 |
| ·Foreign Direct Investment (IDE) | 第84页 |
| ·Concept of volatility | 第84-85页 |
| ·The financing cost of investment | 第85页 |
| Ⅱ. Exchange system effects on investment financing cost: example of Hong Kong, Singapore and Hungary | 第85-91页 |
| ·Comparison between fixation and flexibility: Hong Kong and Singapore…...74 | 第85-90页 |
| ·Hungary system | 第90-91页 |
| Section 2: empirical analysis of the effects of exchange rate on capital cost: case of the West African country | 第91-96页 |
| Ⅰ. Methodological approach to the analysis | 第91-92页 |
| ·Choice of the sample | 第91页 |
| ·Data and method of analysis | 第91-92页 |
| Ⅱ. The Results and Analysis | 第92-96页 |
| Section 3: effect of exchange system on performance and investment risk: analysis based on west Africa regional market index | 第96-99页 |
| Ⅰ. Sample and methodology | 第96-97页 |
| ·Sample | 第96页 |
| ·Methodology | 第96-97页 |
| Ⅱ. Results and analysis | 第97-99页 |
| Conclusion | 第99-100页 |
| General conclusion | 第100-108页 |
| Ⅰ. Findings | 第100-102页 |
| Ⅱ. Recommendations and approach of solutions | 第102-108页 |
| Appendices | 第108-116页 |
| References | 第116-120页 |
| ACKNOWLEDGMENT | 第120页 |
