Search Results

You are looking at 1 - 10 of 29 items :

  • Sub-Saharan Africa x
Clear All
13 Trade in WAEMU: Developments and Reform Opportunities

13 Trade in WAEMU: Developments and Reform Opportunities »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

The creation, between 1996 and 2000, of the West African Economic and Monetary Union (WAEMU) customs union was an important step toward greater regional integration in western Africa. It was part of an initi...

9 Financial Sector Integration in WAEMU

9 Financial Sector Integration in WAEMU »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

This study examines different aspects of financial integration in WAEMU in order to complement the literature on macroeconomic integration. Historically, the emphasis has been on the objective of macroeconom...

7 Experience with Budgetary Convergence in the WAEMU

7 Experience with Budgetary Convergence in the WAEMU »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

The viability of any economic integration plan depends upon its ability to ensure that the economic and financial policies defined by individual member countries of the union are co...

3 Long-Run Determinants of Inflation in WAEMU

3 Long-Run Determinants of Inflation in WAEMU »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

In this chapter, we propose an empirical model of the long-run determinants of the inflation rate in WAEMU member countries. Understanding the economic processes that drive inflation is important because pri...

11 The Efficiency of Government Expenditure: Experiences from Africa

11 The Efficiency of Government Expenditure: Experiences from Africa »

Source: Helping Countries Develop : The Role of Fiscal Policy

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

1. Introduction Governments provide a host of goods and services to their populations, to achieve various economic and social objectives. The efficiency with which these goods and se...

14 Tax Revenue in Sub-Saharan Africa: Effects of Economic Policies and Corruption

14 Tax Revenue in Sub-Saharan Africa: Effects of Economic Policies and Corruption »

Source: Governance, Corruption, and Economic Performance

Series: Books

Author(s): Sanjeev Gupta , and George Abed

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2002

ISBN: 9781589061163

Keywords: decentralization, military spending, military, tax revenue, government expenditure

I. Introduction Large fiscal deficits have been a daunting problem for a number of countries in sub-Saharan Africa over the past several years. Rapid expansions in expenditure and de...

8 What Is Fuzzy About Clustering in West Africa?

8 What Is Fuzzy About Clustering in West Africa? »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

Following the successful launch of the euro as the single currency of the European Economic and Monetary Union (EMU), there has been a renewed interest internationally in the economics of monetary integratio...

12 Trade in CEMAC: Developments and Reform Opportunities

12 Trade in CEMAC: Developments and Reform Opportunities »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

The creation of the CEMAC customs union in 1994, was a major step in the regional integration process in central Africa. The reform was part of a wider initiative to boost regional integration and policy eff...

11 Growth and Convergence in the CFA Franc Zone

11 Growth and Convergence in the CFA Franc Zone »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

Strongly linked to external price and exchange rate developments, growth performance during the post-devaluation period has varied within the CFA franc zone. Relative to sub-Saharan Africa averages, real per...

4 Fiscal Reaction Functions in the CFA Franc Zone

4 Fiscal Reaction Functions in the CFA Franc Zone »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

The two monetary unions in the CFA franc zone conduct their national economic policies within the framework of macroeconomic convergence criteria. The CFA franc zone includes WAEMU and CEMAC member countries...