LEADER 08163oam 22014414 450 001 9910787672603321 005 20230803031301.0 010 $a1-4843-9968-4 010 $a1-4843-7582-3 010 $a1-4843-0805-0 035 $a(CKB)2670000000420327 035 $a(EBL)1587870 035 $a(MiAaPQ)EBC1587870 035 $a(Au-PeEL)EBL1587870 035 $a(CaPaEBR)ebr10739579 035 $a(CaONFJC)MIL490377 035 $a(OCoLC)876510593 035 $a(IMF)1WAUEE2013001 035 $a(IMF)1WAUEA2013001 035 $a(EXLCZ)992670000000420327 100 $a20020129d2013 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aWest African Economic and Monetary Union (WAEMU) : $eStaff Report on Common Policies for Member Countries 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2013. 215 $a1 online resource (107 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-6868-1 320 $aIncludes bibliographical references. 327 $aCover; Contents; INTRODUCTION; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; FIGURES; 1. Recent Economic Developments 2007-2012; 2. Fiscal Developments, 2010-2012; 3. Monetary Policy and Inflation, 2007-2012; 4. Medium Term Outlook 2010-2017; 5. Sensitivity of Public Debt to Lower Growth; IMPROVING EFFECTIVENESS OF POLICIES THROUGH BETTER COORDINATION; A. Macroeconomic Policy Mix in 2013____________________________________________________________; B. Responding to Shocks While Preserving Sustainability; C. Other Areas for Policy Coordination; DEEPENING AND STRENGTHENING THE FINANCIAL SECTOR 327 $a6. Financial Soundness 7. Selected Indicators on Financial Sector Depth; BOX; Financial System Shallowness and Macroeconomic Policies; INCREASING GROWTH AND COMPETITIVENESS THROUGH REGIONAL INTEGRATION; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2009-2017; 2. Sub-Saharan Africa: Cross-Group Comparison, 2009-2017; 3. Selected National Accounts and Inflation Statistics, 2009-2017; 4. Fiscal Balances, 2009-2017; 5. External Balances 2009-2017; 6. Government Debt, 2009-2017; 7. Monetary Survey, March 2010-Sep 2012; 8. Financial Soundness Indicators, 2005-2012 327 $a9. Main Features of WAEMU Economies in 2011 APPENDIXES; I. Debt Sustainability in the WAEMU; II. External Stability Assessment; III. The Impact of the Malian Crisis on WAEMU; IV. Shocks and Shocks Absorption in the WAEMU; V. Fiscal Discipline in the WAEMU Rules and Markets; Contents; FINANCIAL SYSTEMS IN THE WAEMU: STRUCTURE, PERFORMANCE, AND RISKS; A. Overview of the Structure of the Financial System; B. The Banking Sector; BOXES; 1. Banking System Soundness: Findings from the Stress Tests; TABLE; Financial Soundness Indicators 2005-2012; FIGURES; 1. Evolution of the Banking Sector 327 $a2. Financial Soundness 2. Mobile banking in the WAEMU; C. Microfinance; 3. Microfinance; D. Regional Markets; 4. Interbank Market; 5. Debt Markets; 6. The BRVM-Stock Market; E. Systemic Risk and Surveillance of the Financial System; INTRA-WAEMU AND INTERNATIONAL COMPARISONS OF FINANCIAL SECTOR DEVELOPMENT; A. Methodology; 7. Selected Indicators on Financial Sector Debt; 8. Selected Indicators on Breadth and Access in WAEMU; B. Financial Sector Development in the WAEMU and Countries' Structural Characteristics; C. Scope for Further Deepening 327 $aCONSTRAINTS ON MONETARY POLICY FROM SHALLOW FINANCIAL MARKETS 9. Comparing the WAEMU to Selected Benchmark Countries; 10. Monetary Transmission Mechanism in the WAEMU; 11. Correlation of Lending and Money Market Rate; FURTHER DEEPENING WITH STABILITY: OBSTACLES AND RECOMMENDATIONS; A. Issues and Recommendations for Obstacles to Further Financial Development_______________; B. Issues and Recommendations for Microprudential Regulation and Supervision; C. Issues and Recommendations for Macroprudential Regulation 327 $aD. Issues and Recommendations for Crisis Management ________________________________________ 33 330 3 $aMilitary coups that occurred in Guinea-Bissau and Mali caused economic disruption in the WAEMU countries. Regional policies have been in line with the recommendations, and growth is expected to remain robust, risks are on the downside, and the macroeconomic policy is appropriate. Preserving debt sustainability and stability of the Union in the medium term requires better coordination of fiscal policies. Development of the financial system, and strengthening of the regulatory and supervisory framework is necessary to address existing and new risks. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2013/092 606 $aMonetary policy$zAfrica, West 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aFinancial Risk Management$2imf 606 $aIndustries: Financial Services$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aFinancial Crises$2imf 606 $aPublic finance & taxation$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aMonetary economics$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aPublic debt$2imf 606 $aFinancial sector development$2imf 606 $aGovernment debt management$2imf 606 $aCommercial banks$2imf 606 $aFinancial markets$2imf 606 $aFinancial institutions$2imf 606 $aFinancial crises$2imf 606 $aPublic financial management (PFM)$2imf 606 $aBanks and banking$2imf 606 $aDebts, Public$2imf 606 $aFinancial services industry$2imf 606 $aExpenditures, Public$2imf 606 $aCredit$2imf 607 $aAfrica, West$xEconomic conditions 607 $aBurkina Faso$2imf 615 0$aMonetary policy 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aFinancial Risk Management 615 7$aIndustries: Financial Services 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aFinancial Markets and the Macroeconomy 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aNational Government Expenditures and Related Policies: General 615 7$aFinancial Crises 615 7$aPublic finance & taxation 615 7$aBanking 615 7$aFinance 615 7$aMonetary economics 615 7$aEconomic & financial crises & disasters 615 7$aPublic debt 615 7$aFinancial sector development 615 7$aGovernment debt management 615 7$aCommercial banks 615 7$aFinancial markets 615 7$aFinancial institutions 615 7$aFinancial crises 615 7$aPublic financial management (PFM) 615 7$aBanks and banking 615 7$aDebts, Public 615 7$aFinancial services industry 615 7$aExpenditures, Public 615 7$aCredit 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910787672603321 996 $aWest African Economic and Monetary Union (WAEMU)$93866131 997 $aUNINA