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|c 5.00 USD
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|z 9781451868197
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Sy, Amadou.
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|a Local Currency Debt Markets in the West African Economic and Monetary Union /
|c Amadou Sy.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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| 300 |
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|a 1 online resource (17 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper reviews trends and developments in the rapidly growing local currency debt markets in the WAEMU. The main findings are that common institutions, such as a regional central bank and securities exchange have led to high cross-border transactions within the union. However, excess liquidity in the regional banking system has led to limited credit differentiation among issuers and a reliance on supply and demand conditions as a key determinant of yields. The paper also discusses a number of policy issues, including debt management, that are likely to emerge as the markets for government securities continue to develop.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2007/256
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/256/001.2007.issue-256-en.xml
|z IMF e-Library
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