Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union /

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,...

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Autore principale: Kolerus, Christina
Altri autori: Hitaj, Ermal, Shapiro, Douglas, Zdzienicka, Aleksandra
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2013.
Serie:Departmental Papers; Departmental Paper ; No. 2013/007
Accesso online:Full text available on IMF
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100 1 |a Kolerus, Christina. 
245 1 0 |a Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union /  |c Christina Kolerus, Aleksandra Zdzienicka, Ermal Hitaj, Douglas Shapiro. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (41 pages) 
490 1 |a Departmental Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Hitaj, Ermal. 
700 1 |a Shapiro, Douglas. 
700 1 |a Zdzienicka, Aleksandra. 
830 0 |a Departmental Papers; Departmental Paper ;  |v No. 2013/007 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/087/2013/007/087.2013.issue-007-en.xml  |z IMF e-Library