West African Economic and Monetary Union (WAEMU) : : Staff Report on Common Policies for Member Countries

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2013
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (107 p.)
• Disciplina: 332.152
• Soggetto topico: Monetary policy - Africa, West; Banks and Banking; Finance: General; Macroeconomics; Money and Monetary Policy; Public Finance; Financial Risk Management; Industries: Financial Services; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Debt; Debt Management; Sovereign Debt; Financial Markets and the Macroeconomy; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; National Government Expenditures and Related Policies: General; Financial Crises; Public finance & taxation; Banking; Finance; Monetary economics; Economic & financial crises & disasters; Public debt; Financial sector development; Government debt management; Commercial banks; Financial markets; Financial institutions; Financial crises; Public financial management (PFM); Banks and banking; Debts, Public; Financial services industry; Expenditures, Public; Credit
• Soggetto geografico: Africa, West Economic conditions; Burkina Faso
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; 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 ; 6. 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 ; 9. 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 ; 2. 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 ; CONSTRAINTS 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 ; D. Issues and Recommendations for Crisis Management ________________________________________ 33
• Sommario/riassunto: Military 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.
• Titolo autorizzato: West African Economic and Monetary Union (WAEMU)
• ISBN: 1-4843-9968-4; 1-4843-7582-3; 1-4843-0805-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910826403303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Staff Country Reports; Country Report ; ; No. 2013/092