9 Financial Sector Integration in WAEMU
Author: Mr. Amadou N Sy
Language:
English
Keywords:
BOOK; CFA franc; WAEMU country; CEMAC country; WAMZ country; CEMAC member country; Real effective exchange rates; Imports; Tariffs; Real exchange rates; Terms of trade; Sub-Saharan Africa; West Africa; Africa; Asia and Pacific; East Asia; market share; WAEMU region; nonresident WAEMU bank; treasury bill market; Financial integration; Commercial banks; Capital markets; Treasury bills and bonds; Interbank markets; Central Africa

Abstract

This study examines different aspects of financial integration in WAEMU in order to complement the literature on macroeconomic integration. Historically, the emphasis has been on the objective of macroeconomic integration in the Union resulting, for instance, in the establishment of macroeconomic convergence criteria as set in the 1999 Pact of Convergence, Stability, Growth, and Solidarity. In contrast, less attention has been paid so far to the process of financial integration in spite of its potential benefits to the union.

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Cover The CFA Franc Zone
The CFA Franc Zone
Common Currency, Uncommon Challenges
Author: Ms. Anne Marie Gulde and Mr. Charalambos G Tsangarides
ISBN:
9781589066755
Publication Date:
02 Apr 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589066755.071
Pages:
410