Abstract EN:

The african countries of the franc zone and members of the west african monetary union are going through a crisis, of interior debt without precedent. In effct, one notes an excessive indebtedness to these countries which provide, part this double possessoin - umoa and franc zone. The objective of this study is to show the impact of monetary inte- gration on the interiorindebtedness of member country. In the specific case of these west african countries one notes by part the possession of franc zone to facilitate the exterior indebtedness of these countries. The free transferability of capital to interior of the zone, the monetary of the umoa, the gurantee of the french, leader of the franc zone, the guardianship of ff are as much of factor that has accrued the capacity to borrow from these countries. Of another part, the franco system-umoa has created, since the beginning of the crisis, supplementary indebtedness by the machanism of the account of the operation and increases the dependency of the cfa the equality of the ff, from which of the bceao vis a vis of the french tresor public and of the french bank. The second objective consists to demonstarte the part of the responsability of the economic politics inside the debt crisis of the umoa counties.