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035   $a(IMF)WPIEE2012249
035   $a(IMF)WPIEA2012249
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100   $a20121025d2012      uf         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aFinancing growth in the WAEMU through the regional securities market $epast successes and current challenges /$fprepared by Mame Astou Diouf and Francois Boutin-Dufresne
205   $a1st ed.
210   $aWashington, D.C. $cInternational Monetary Fund$dc2012
215   $a1 online resource (23 p.)
225 1 $aIMF working paper ;$vWP/12/249
300   $aDescription based upon print version of record.
311   $a1-4755-1570-7 
311   $a1-4755-4820-6 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; II. Institutional Framework and Market Instruments; Figures; Figure 1. Organigram of the WAEMU Securities Market; III. Recent Developments; Figure 2. WAEMU: Issuance of Debt Securities, 2001-10; Tables; Table 1. WAEMU: Government Debt Issues, 2010; Table 2. WAEMU: Issuance of Long-Term Securities, 1999-2010; IV. Determinants of Interest Rates: Yield Curve and Principal Component Analysis; Table 3. WAEMU Countries' Sovereign Debt Ratings; Figure 3. WAEMU: Determinants of T-bills' Interest Rates, 2010
327   $aFigure 4. WAEMU: Government Issues Profiling Using Principal Component Analysis, 2010 V. Challenges Ahead; VI. Conclusion and Policy Recommendations; References; Annex 1. Issuers on the WAEMU Bond Market; Table 1. WAEMU: Issues of Securities, 2001-2010; Annex 2. Principal Component Analysis: Detailed Results for Government Securities Issued in 2010; Figure 1. WAEMU: PCA on Government Securities, 2010
330 3 $aThe West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional background, this paper studies recent developments and the determinants of interest rates on the market?using yield curve and principal component analyses. It also identifies challenges and prospective reforms that could help the region reap the full benefits of a more dynamic securities market and assesses the potential systemic risk the market may pose for the region?s banking system.
410  0$aIMF working paper ;$vWP/12/249.
606   $aSecurities$zAfrica, West
606   $aInvestments$zAfrica, West
615  0$aSecurities
615  0$aInvestments
676   $a338.29347
700   $aDiouf$b Mame Astou$01715078
701   $aBoutin-Dufresne$b Francois$f1976-$01762852
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910809628003321
996   $aFinancing growth in the WAEMU through the regional securities market$94203001
997   $aUNINA