Format:
Online-Ressource (42 p)
Edition:
Online-Ausg.
ISBN:
148434118X
,
9781484341186
Series Statement:
Departmental Papers / Policy Papers African Departmental Paper No. 13/7
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Kolerus, Christina Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union Washington, D.C. : International Monetary Fund, 2013 ISBN 9781484341186
Language:
English
DOI:
10.5089/9781484341186.087
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