1. An introduction to the institutions and members of the CFA Franc Zone -- 2. Short-run monetary policy formation : comparing the CFA with anglophone Africa -- 3. Public debt and the strategic interaction of monetary and fiscal policies -- 4. Public debt and the strategic interaction of monetary and fiscal policies -- 5. Asset demand and the monetary transmission mechanism : the case of Côte d'Ivoire -- 6. Tests of capital market integration between the CFA and France -- 7. Savings, investment and CFA membership : time-series evidence from a comparison Côte d'Ivoire with Kenya -- 8. CFA membership and the role of relative price stability in investment performance -- 9. Conclusion and suggestions for future policy.