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Program Design in Currency Unions—Background Notes

Program Design in Currency Unions—Background Notes »

Source: Program Design in Currency Unions

Volume/Issue: 2018/011

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Legal Dept.;International Monetary Fund. Finance Dept.;International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2018

ISBN: 9781498307284

Keywords: Central banks, Monetary policy, Monetary unions, Exchange rate policy, Balance of payments need, ECB, currency union, CUs, ECCB, payment problem

"Despite a long history of program engagement, the Fund has not developed guidance on program design in members of currency unions. The Fund has engaged with members of the four currency unions-the Central African...