Part III Integration and Growth
Author: Mr. Amadou N Sy
Language:
English
Keywords:
BOOK; CFA franc; WAEMU country; CEMAC country; WAMZ country; CEMAC member country; Real effective exchange rates; Imports; Tariffs; Real exchange rates; Terms of trade; Sub-Saharan Africa; West Africa; Africa; Asia and Pacific; East Asia
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Abstract

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 macroeconomic integration in the Union resulting, for instance, in the establishment of macroeconomic convergence criteria as set in the 1999 Pact of Convergence, Stability, Growth, and Solidarity. In contrast, less attention has been paid so far to the process of financial integration in spite of its potential benefits to the union.

Within Same Series

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Cover The CFA Franc Zone
The CFA Franc Zone
Common Currency, Uncommon Challenges
Author: Ms. Anne Marie Gulde and Mr. Charalambos G Tsangarides
ISBN:
9781589066755
Publication Date:
02 Apr 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589066755.071
Pages:
410

WAEMU: Potential for Intermediation, 2003

WAEMU: Net Credit to Government by Commercial Banks

(In billions of CFA francs)

WAEMU: Treasury Bill Issuance

(In billions of CFA francs)

WAEMU: Interest Rate Spreads

(In percent)

WAEMU: Sigma-Convergence

(In percent)

Bank Branch Density in CEMAC and Selected African Countries

(Branches per 100,000 people)

CEMAC: Liquid Assets Over Short-Term Liabilities, 2001-041

(In percent)

CEMAC: Evolution of Average Interest Rate Spreads

(In percent)

CEMAC: Sigma-Convergence of Spreads

CEMAC: Evolution of Deposits, Credit, and Interest Rates

(In billions of CFA francs and percentage, unless otherwise noted)

WAEMU: Real GDP Growth

(In percent)

CEMAC: Real GDP Growth

(In percent)

WAEMU: Consumer Price Inflation

(Percent change)

CEMAC: Consumer Price Inflation

(Percent change)

WAEMU: Overrall Fiscal Deficit

(Commitment basis, in percent of GDP)

CEMAC: Overall Fiscal Deficit

(Commitment basis, in percent of GDP)

WAEMU: Tax Revenue

(In percent of GDP)

CEMAC: Tax Revenue

(In percent of GDP)

WAEMU: Expenditures—Total, Current, and Civil Service Wages

CEMAC: Expenditures—Total, Current, and Civil Service Wages

Real GDP Per Capita Growth in WAEMU and CEMAC

(In percent)

Ratio of Oil and Non-Oil Exports to GDP

(In percent)

Composition of Exports and Imports

Intraregional Exports and Imports: Selected Regional Groups

Trade Balances

(In percent of GDP)

Oil Trade Balances of WAEMU Countries

(In billions of U.S. dollars)

WAEMU: Export Performance by Product, 2000-05

(Percent, bubbles reflect relative size of exports)

Composition of WAEMU Trade with Various Partners

(In percent of total)

Intraregional Trade: WAEMU and Other Selected Regional Groups

(In percent of total trade)