How to Improve the Effectiveness of Monetary Policy in the West African Economic and Monetary Union »
Series: IMF Working Papers
Author(s): Alexei Kireyev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 May 2015
Keywords: WAEMU, low-income countries, exchange rate, interest, exchange, interest rates, inflation, International Migration, Open Economy Macroeconomics,
The West African Economic and Monetary Union (WAEMU) is a currency union with a fixed exchange rate and limited capital mobility and, therefore, an independent monetary policy in the short run. The Central Bank of...