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Chapter 5. Debt Sustainability in the WAEMU16

Chapter 5. Debt Sustainability in the WAEMU16 »

Source: Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

Thanks to debt relief, all West African Economic and Monetary Union (WAEMU) countries now have public debt—to-GDP ratios way below 70 percent, the ceiling set by the...

Chapter 4. External Stability Assessment13

Chapter 4. External Stability Assessment13 »

Source: Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

The West African Economic and Monetary Union (WAEMU) current account deficit has hovered around 5percent of GDP during the last decade and has been financed mainly by aid and foreign direct inve...

Chapter 3. Fiscal Discipline in the WAEMU: Rules and Markets12

Chapter 3. Fiscal Discipline in the WAEMU: Rules and Markets12 »

Source: Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

This chapter explores the extent to which rules and market discipline are effective in ensuring fiscal sustainability in the West African Economic and Monetary Union (WAEMU). After evaluating th...

Chapter 1. Shocks and Shocks Absorption in the WAEMU2

Chapter 1. Shocks and Shocks Absorption in the WAEMU2 »

Source: Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

Are business cycles synchronized in the West African Economic and Monetary Union (WAEMU)? How has synchronization evolved over time? Looking at shocks affecting the WAEMU, this chapter explores...

Chapter 2. The Impact of the Malian Crisis on the WAEMU7

Chapter 2. The Impact of the Malian Crisis on the WAEMU7 »

Source: Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

The economic spillovers from the Malian crisis have been limited so far, reflecting that Mali trades significantly with only three countries in the region and other economic and financial linkag...

Competitiveness in the CFA Franc Zone

Competitiveness in the CFA Franc Zone »

Source: Competitiveness in the CFA Franc Zone

Volume/Issue: 2007/212

Series: IMF Working Papers

Author(s): Charalambos Tsangarides , and Gustavo Ramirez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867763

Keywords: Competitiveness, CFA franc, WAEMU, CEMAC, exchange rate, reer, exchange rates, real effective exchange rate, effective exchange rate,

This paper reviews the evolution of competitiveness in the CFA franc zone using a proposed comprehensive competitiveness framework. In particular, we examine competitiveness in the WAEMU and CEMAC regions by analyz...

Déclaration de M. Kossi Assimaidou, Administrateur du FMI pour l’UEMOA, 14 mars 2011

Déclaration de M. Kossi Assimaidou, Administrateur du FMI pour l’UEMOA, 14 mars 2011 »

Source: Union économique et monétaire ouest-africaine : Entretiens avec les institutions régionales-Rapport des services du FMI, annexe d'information, déclaration de l'Administrateur, déclaration des services du FMI et note d'information au public

Volume/Issue: 2011/98

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2011

Language: French

ISBN: 9781462399024

Keywords: inflation, monetary policy, monetary fund, monetary union, price competitiveness, central bank, financial stability, aggregate demand, government securities, terms of trade

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Déclaration du représentant des services du FMI sur l’UEMOA—Consultation régionale sur les questions et politiques économiques Réunion du Conseil d’administration, 14 mars 2011

Déclaration du représentant des services du FMI sur l’UEMOA—Consultation régionale sur les questions et politiques économiques Réunion du Conseil d’administration, 14 mars 2011 »

Source: Union économique et monétaire ouest-africaine : Entretiens avec les institutions régionales-Rapport des services du FMI, annexe d'information, déclaration de l'Administrateur, déclaration des services du FMI et note d'information au public

Volume/Issue: 2011/98

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2011

Language: French

ISBN: 9781462399024

Keywords: inflation, monetary policy, monetary fund, monetary union, price competitiveness, central bank, financial stability, aggregate demand, government securities, terms of trade

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Christina Kolerus , Aleksandra Zdzienicka , Ermal Hitaj , and Douglas Shapiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 October 2013

DOI: http://dx.doi.org/10.5089/9781484341186.087

ISBN: 9781484341186

Keywords: External shocks, Cross country analysis, Business cycles, Monetary policy, Fiscal policy, Fiscal stability, West African Economic and Monetary Union, West Africa, monetary union, debt sustainability

The West African Economic and Monetary Union (WAEMU), like other monetary unions, faces a number of challenges in dealing with macroeconomic shocks. The region experiences a large number of exogenous shocks: climat...

Estimation of Equilibrium Exchange Rates in the WAEMU

Estimation of Equilibrium Exchange Rates in the WAEMU »

Source: Estimation of Equilibrium Exchange Rates in the WAEMU : A Robustness Analysis

Volume/Issue: 2007/194

Series: IMF Working Papers

Author(s): Magnus Saxegaard , Stéphane Roudet , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867589

Keywords: Equilibrium real exchange rate, FEER, cointegration, panel, WAEMU, exchange rate, statistic, equation, Equilibrium Real Exghange Rate,

Using the FEER approach we investigate the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econ...