Search Results

You are looking at 1 - 10 of 32 items :

  • Keyword: union x
  • Sub-Saharan Africa x
  • IMF Working Papers x
Clear All Modify Search
Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa

Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa »

Source: Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa

Volume/Issue: 2010/157

Series: IMF Working Papers

Author(s): Xavier Debrun , Catherine Pattillo , and Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

ISBN: 9781455201402

Keywords: Monetary integration, monetary union, monetary unions, inflation, monetary policy, International Monetary Arrangements and Institutions,

This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary...

The Common Monetary Area in Southern Africa

The Common Monetary Area in Southern Africa »

Source: The Common Monetary Area in Southern Africa : Shocks, Adjustment, and Policy Challenges

Volume/Issue: 2007/158

Series: IMF Working Papers

Author(s): Iyabo Masha , Leighton Harris , Jian-Ye Wang , and Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867220

Keywords: Exchange Rate, Monetary Union, Shocks, Policy Adjustment, inflation, central bank, monetary unions, monetary fund,

This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks...

Welfare Effects of Monetary Integration

Welfare Effects of Monetary Integration »

Source: Welfare Effects of Monetary Integration : The Common Monetary Area and Beyond

Volume/Issue: 2012/136

Series: IMF Working Papers

Author(s): Tamon Asonuma , Xavier Debrun , and Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503890

Keywords: monetary policy, inflation, central bank, monetary union, monetary area

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model...

Fiscal Policy Coordination in the Waemu After the Devaluation

Fiscal Policy Coordination in the Waemu After the Devaluation »

Source: Fiscal Policy Coordination in the Waemu After the Devaluation

Volume/Issue: 1995/25

Series: IMF Working Papers

Author(s): Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

ISBN: 9781451844207

Keywords: fiscal externalities, fiscal policies, taxation, monetary union, harmonization strategy, African Department,

This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tari...

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone »

Source: Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone : A Comparative Analysis

Volume/Issue: 2001/104

Series: IMF Working Papers

Author(s): Hazel Selvon , Tracy Polius , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451852769

Keywords: ECCU, CFA franc zone, reserve pooling, monetary authority, terms of trade, monetary union, monetary unions, central bank, Econometric and Statistical Methods: General, Financial Aspects of Economic Integration,

The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries w...

Monetary Union in West Africa

Monetary Union in West Africa »

Source: Monetary Union in West Africa : An Agency of Restraint for Fiscal Policies?

Volume/Issue: 2001/34

Series: IMF Working Papers

Author(s): Catherine Pattillo , and Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2001

ISBN: 9781451845266

Keywords: monetary union, fiscal discipline, ECOWAS, CFA franc zone, central bank, inflation, fiscal policies,

Could a West African monetary union (either of the non-CFA countries, or all ECOWAS members) be an effective "agency of restraint" on fiscal policies? We discuss how monetary union could affect fiscal discipline an...

Monetary Union in West Africa

Monetary Union in West Africa »

Source: Monetary Union in West Africa : Who Might Gain, Who Might Lose, and Why?

Volume/Issue: 2002/226

Series: IMF Working Papers

Author(s): Paul Masson , Xavier Debrun , and Catherine Pattillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875393

Keywords: Monetary union, fiscal distortions, inflation, monetary policy, terms of trade, International Monetary Arrangements and Institutions,

We develop a multicountry model in which governments aim at excessive spending in order to serve the narrow interests of the group in power. This puts pressure on the monetary authorities to extract seigniorage, an...

Trade Integration in the East African Community

Trade Integration in the East African Community »

Source: Trade Integration in the East African Community : An Assessment for Kenya

Volume/Issue: 2005/143

Series: IMF Working Papers

Author(s): Meredith McIntyre

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861624

Keywords: EAC, CET, regional integration, customs, customs union, trade diversion, trade creation

The paper analyses the potential trade impact of the forthcoming East African Community (EAC) customs union. It examines the trade linkages among the member countries of the EAC and the extent to which the introduc...

The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy

The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy »

Source: The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of São Tomé and Príncipe

Volume/Issue: 2008/118

Series: IMF Working Papers

Author(s): Jian-Ye Wang , Nisreen Farhan , Amar Shanghavi , Márcio Ronci , and Misa Takebe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869781

Keywords: Monetary and exchange rate arrangements, small economy, open economy, nominal anchor, peg, currency union, exchange rate, inflation, monetary union, central bank

This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights sev...

Stylized Facts on Bilateral Trade and Currency Unions

Stylized Facts on Bilateral Trade and Currency Unions »

Source: Stylized Facts on Bilateral Trade and Currency Unions : Implications for Africa

Volume/Issue: 2006/31

Series: IMF Working Papers

Author(s): Michal Hulej , Charalambos Tsangarides , and Pierre Ewenczyk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862911

Keywords: Gravity model, Currency Union, samples, equation, free trade, statistics, Country and Industry Studies of Trade, International Monetary Arrangements and Institutions,

This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings sug...