Series: IMF Working Papers
Author(s): Ermal Hitaj , and Yasin Kursat Onder
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 October 2013
Keywords: Fiscal discipline, regional surveillance sovereign risk, sovereign spreads, WAEMU, fiscal balance, fiscal behavior, fiscal deficit, Asset Pricing, General,
This paper gauges the scope for market discipline and the effectiveness of the regional surveillance framework in the West African Economic and Monetary Union (WAEMU). The paper finds that the responsiveness of sov...