Search Results

You are looking at 1 - 10 of 278 items :

Clear All
The West African Monetary Union An Analytical Review

The West African Monetary Union An Analytical Review »

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

DOI: http://dx.doi.org/10.5089/9781616351083.084

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

Until 1984, the West African Monetary Union (WAMU) consisted of six West African countries- Benin, Burkina Faso, Ivory Coast, Niger, Senegal, and Togo. (Mali withdrew from the Union in 1961 and rejoined in 1984; it...

Budgetary Convergence in the WEAMU

Budgetary Convergence in the WEAMU »

Source: Budgetary Convergence in the WEAMU : Adjustment Through Revenue or Expenditure?

Volume/Issue: 2000/109

Series: IMF Working Papers

Author(s): Jean-Claude Nachega , and Ousmane Dore

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853209

Keywords: Convergence, Granger causality, Co-integration, Error-correction, expenditure, expenditures, public debt, budget deficit

A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-in...

V Credit Policy and Developments, 1974–82

V Credit Policy and Developments, 1974–82 »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

As noted in the Section IV, until recently the BCEAO continued to rely mainly on its rediscount policy to influence monetary developments and, to some extent, on the mechanism of prior authorization to deter...

III The Money Supply Process and the Use of Monetary Instruments, 1963–74

III The Money Supply Process and the Use of Monetary Instruments, 1963–74 »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

The BCEAO area is open to trade and payments, which sets obvious limits on how far it can have an independent monetary policy because the balance of payments outcome is almost exogenously determined by produ...

VII Cost-Price Distortions and Adjustment

VII Cost-Price Distortions and Adjustment »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

The earlier sections have demonstrated that, notwithstanding the reforms of the BCEAO in 1974, monetary and fiscal developments have differed considerably among member countries. Theoretically, in a union wi...

II The Central Bank of West African States, 1962–74: Its Structure and Functions

II The Central Bank of West African States, 1962–74: Its Structure and Functions »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

The “politico-economic” framework within which the BCEAO operated changed between the time it look on the broader functions of a common central bank in 1962, and the revision of its statutes in 1974. At the...

VI Fiscal Policy

VI Fiscal Policy »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

A monetary union, with its explicit coordination of monetary and exchange policies, also implies some cooperation in the fiscal policies of member countries. Unduly divergent fiscal policies could lead to un...

I The West African Monetary Union and the Theory of Currency Unions

I The West African Monetary Union and the Theory of Currency Unions »

Source: The West African Monetary Union An Analytical Review

Series: Occasional Papers

Author(s): Rattan Bhatia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1985

ISBN: 9781616351083

Keywords: West African Monetary Union, rediscount, monetary fund, central bank, money supply, money market

Until 1984, the West African Monetary Union (WAMU) consisted of six West African countries—Benin, Burkina Faso, Ivory Coast, Niger, Senegal, and Togo. (Mali withdrew from the Union in 1961 and rejoined in 19...

Regional Spillovers in Sub-Saharan Africa

Regional Spillovers in Sub-Saharan Africa »

Source: Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels

Volume/Issue: 2018/1

Series: Spillover Notes

Author(s): Francisco Arizala , Matthieu Bellon , Margaux MacDonald , Montfort Mlachila , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2018

ISBN: 9781484367148

Keywords: Uganda, Togo, Tanzania, Swaziland, South Sudan, Spillovers, Sub-Saharan Africa, Sierra Leone, Congo, Republic of, Congo, Democratic Republic of the

After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015-16 as the largest economies experienced negative or flat growth. Regional growth started rec...

A Governance Dividend for Sub-Saharan Africa?1

A Governance Dividend for Sub-Saharan Africa?1 »

Source: A Governance Dividend for Sub-Saharan Africa?

Volume/Issue: 2019/1

Series: IMF Working Papers

Author(s): Amine Hammadi , Marshall Mills , Nelson Sobrinho , Vimal Thakoor , and Ricardo Velloso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484354872

Keywords: Zambia, Zimbabwe, Congo, Democratic Republic of the, Congo, Republic of, Rwanda, Senegal, Seychelles, Sierra Leone, South Africa, Sub-Saharan Africa

Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, includin...