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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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/216 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 market remains limited. In addition, the paper examines the effectiveness of fiscal rules and institutions in an environment where financial markets fall short of exerting a significant disciplining effect on governments |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1484398688 9781484398685 |
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spelling | Hitaj, Ermal Verfasser aut Fiscal Discipline in WAEMU Rules, Institutions, and Markets Hitaj, Ermal Washington, D.C International Monetary Fund 2013 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/216 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 market remains limited. In addition, the paper examines the effectiveness of fiscal rules and institutions in an environment where financial markets fall short of exerting a significant disciplining effect on governments Online-Ausg Kursat Onder, Yasin Sonstige oth http://elibrary.imf.org/view/IMF001/20862-9781484398685/20862-9781484398685/20862-9781484398685.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hitaj, Ermal Fiscal Discipline in WAEMU Rules, Institutions, and Markets |
title | Fiscal Discipline in WAEMU Rules, Institutions, and Markets |
title_auth | Fiscal Discipline in WAEMU Rules, Institutions, and Markets |
title_exact_search | Fiscal Discipline in WAEMU Rules, Institutions, and Markets |
title_exact_search_txtP | Fiscal Discipline in WAEMU Rules, Institutions, and Markets |
title_full | Fiscal Discipline in WAEMU Rules, Institutions, and Markets Hitaj, Ermal |
title_fullStr | Fiscal Discipline in WAEMU Rules, Institutions, and Markets Hitaj, Ermal |
title_full_unstemmed | Fiscal Discipline in WAEMU Rules, Institutions, and Markets Hitaj, Ermal |
title_short | Fiscal Discipline in WAEMU |
title_sort | fiscal discipline in waemu rules institutions and markets |
title_sub | Rules, Institutions, and Markets |
url | http://elibrary.imf.org/view/IMF001/20862-9781484398685/20862-9781484398685/20862-9781484398685.xml |
work_keys_str_mv | AT hitajermal fiscaldisciplineinwaemurulesinstitutionsandmarkets AT kursatonderyasin fiscaldisciplineinwaemurulesinstitutionsandmarkets |