West African Economic and Monetary Union : : Selected Issues

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2015
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (108 p.)
• Disciplina: 332.152
• Soggetto topico: Economic development; International Monetary Fund; Finance; Business & Economics; International Finance; Banks and Banking; Exports and Imports; Taxation; Industries: Financial Services; Demography; Trade: General; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Trade Policy; International Trade Organizations; Current Account Adjustment; Short-term Capital Movements; International economics; Computer applications in industry & technology; Public finance & taxation; Banking; Mobile banking; Imports; Tariffs; Population and demographics; Commercial banks; Technology; International trade; Taxes; Financial institutions; Banks and banking, Mobile; Tariff; Banks and banking; Balance of payments
• Soggetto geografico: France
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover Page; Title Page; Copyright Page; Contents; BOX; FIGURES; FIGURES; FIGURES; TABLES; BOX; FIGURES; BOXES; FIGURES; BOXES; FIGURES; TABLES; A. External Sector Developments; 1. Recent Developments; 2. Outlook; 1. Growth and Fiscal Consolidation Scenario; B. Exchange Rate Assessment; 3. Exchange Rate Assessment; C. Reserve Adequacy; 4. Foreign Exchange Coverage; 5. NFA-Commercial Banks; 6. Reserve Adequacy; D. Non-Price Competitiveness; 7. Doing Business; References; EXTERNAL STABILITY ASSESSMENT; A. Introduction; 1. Developments in Commercial Banks' Balance Sheets; B. Possible Causes ; 2. Fiscal and External Imbalances3. Interest Rates; C. Risks; 4. Interbank Market Activity by Maturity; D. Policy Options; DEVELOPMENTS IN CENTRAL BANK LIQUIDITY PROVISION: A HARBINGER OF WIDER MACROFINANCIAL RISKS IN THE WAEMU?; A. Benchmarking Financial Access; 1. WAEMU: Financial Access; 2. Demographical Characteristics of Financial Access; 3. Deposit and Payment Modes; 4. Use of Loans; 5. Firms; B. Explaining Private Sector Credit Gaps; 6. Drivers of the Financial Gap; 7. Credit to the Private Sector; 1. Determinants of Financial Inclusiveness Gaps, 2004-2013 ; C. Identifying the Most Binding Constraints to Firms' Financial Inclusion2. WAEMU: Target Moments; 8. Lowering Participation Costs; 9. Lowering the Cost of Intermediation; 10. Lowering Collateral Constraints; References; FINANCIAL INCLUSION IN THE WAEMU; A. Introduction; 1. The WAEMU's Market for Mobile Payments; 2. Provider if Mobile Payments in the WAEMU; 3. Mobile Banking Across Demographical Groups, 2011; B. Possible Impediments to Mobile Payments in the WAEMU; 4. Number of Bank and Remittance Partners; 5. Transaction Cost for Selected Providers ; 6. Mobile Service Provided in the WAEMU, Kenya and Tanzania1. Kenya's M-PESA Experience (based on IMF, 2012; C. Oversight Issues in Mobile Payments; D. Main Conclusions; References; MOBILE PAYMENTS IN THE WAEMU; A. Growth, Volatility and Productivity; 1. Growth and Volatility; 2. Productivity; B. Recent Trends in the Structure of Output and Exports; 3. Output Diversification; 1. Export Diversification and Quality; 4. Export Product and Partner Diversification; 5. Export Quality; 6. Gains from Structural Transformation, Diversification and Quality Upgrading ; C. Fostering Growth through Structural Transformation and Diversification2. Reforms which foster Structural Transformation; 3. The Role of Agriculture in Structural Transformation; D. Demographic Trends and Employment; 7. Demographics; 4. The Demographic Dividend; References; GROWTH, STRUCTURAL TRANSFORMATION, AND DIVERSIFICATION IN THE WAEMU; A. Introduction; 1. Stylized Facts: Trade within ECOWAS; B. Stylized Facts on Trade and Tariffs within WAEMU and ECOWAS; 1: Structure of ECOWAS and WAEMU CET; C. Partial Equilibrium Effects of Changes in the Tariff Structure ; 2. Price Elasticities of Imports - Individual Countries
• Sommario/riassunto: This Selected Issues paper on West African Economic and Monetary Union presents external stability assessment report. The current account deficit declined in 2014. Although gross international reserve coverage has increased slightly, part of the current account deficit has been financed by a decline in commercial banks’ net foreign assets. Contingent on the implementation of government’s consolidation plans, and helped by a favorable oil price outlook, the current account deficit would further gradually decline and be matched by enough financial inflows in the medium term. According to various metrics, the real exchange rate appears to be broadly aligned with fundamentals. International reserve coverage should increase to provide stronger buffers against immediate short-term risks. Structural competitiveness and investment efficiency improvements will be essential to ensure that the planned large investment programs translate into growth and export gains as well as increased private inflows into the region.
• Titolo autorizzato: West African Economic and Monetary Union
• ISBN: 1-4843-2672-5; 1-4843-2651-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910825825003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Staff Country Reports; Country Report ; ; No. 2015/101