Fiscal Discipline in WAEMU : Rules, Institutions, and Markets /

This paper gauges the scope for market discipline and the effectiveness of the regional surveillance framework in the West African Economic and Monetary Union (WAEMU). The paper finds that the responsiveness of sovereign bond rates to governments' fiscal behavior in the regional financial marke...

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Autor principal: Hitaj, Ermal
Altres autors: Kursat Onder, Yasin
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2013.
Col·lecció:IMF Working Papers; Working Paper ; No. 2013/216
Accés en línia:Full text available on IMF