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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Hlavní autor: Hitaj, Ermal
Další autoři: Kursat Onder, Yasin
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:IMF Working Papers; Working Paper ; No. 2013/216
On-line přístup:Full text available on IMF