Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union
READ MORE...
Volume/Issue: Volume 2013 Issue 007
Publication date: October 2013
ISBN: 9781484341186
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
mobi else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , DPPP , DP , WAEMU country , financial market , exchange rate , business cycle , current account , trade elasticity , WAEMU government securities market , excess reserves , exports to Mali , Monetary unions , Debt sustainability , Debt sustainability analysis , Business cycles , West Africa , Global

Also of interest
Navigating External Shocks in Southeast Asia's Emerging Markets: Key Lessons ...
Upgrading Fiscal Frameworks in Asia-Pacific
The Energy Security Gains from Strengthening Europe’s Climate Action
Central Bank Digital Currencies in the Middle East and Central Asia
Summary

The West African Economic and Monetary Union (WAEMU), like other monetary unions, faces a number of challenges in dealing with macroeconomic shocks. The region experiences a large number of exogenous shocks: climate-related (e.g., droughts, floods), with a heavy toll on populations and agriculture, but also economic (e.g., terms of trade), with a large impact on key sectors and the cost of living. More generally business cycle synchronization within the WAEMU seems low. Addressing these shocks, while preserving the stability of the union, is therefore a critical issue in the WAEMU.This paper discusses these issues and suggests possible reforms.

Powered by: AIDC