Verfügbarkeit: Fiscal Policy Coordination in the Waemu After the Devaluation

Fiscal Policy Coordination in the Waemu After the Devaluation:

This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting fiscal e...

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1. Verfasser:	Rosenberg, Christoph B. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1995
Schriftenreihe:	IMF Working Papers Working Paper No. 95/25
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 examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting fiscal externalities have prevented the zone from reaping the full benefits of a monetary union. The paper shows that the devaluation makes it more desirable than ever to have a closer policy coordination to prevent such detrimental fiscal externalities. Recent efforts in this field are reviewed and evaluated. Finally, the paper offers some recommendations with respect to the optimal design of tax and tariff rate structures, and the choice of budgetary convergence criteria
Beschreibung:	1 Online-Ressource (34 p)
ISBN:	1451844204 9781451844207

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spelling	Rosenberg, Christoph B. Verfasser aut Fiscal Policy Coordination in the Waemu After the Devaluation Rosenberg, Christoph B Washington, D.C International Monetary Fund 1995 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 95/25 This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting fiscal externalities have prevented the zone from reaping the full benefits of a monetary union. The paper shows that the devaluation makes it more desirable than ever to have a closer policy coordination to prevent such detrimental fiscal externalities. Recent efforts in this field are reviewed and evaluated. Finally, the paper offers some recommendations with respect to the optimal design of tax and tariff rate structures, and the choice of budgetary convergence criteria Online-Ausg http://elibrary.imf.org/view/IMF001/02511-9781451844207/02511-9781451844207/02511-9781451844207.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Rosenberg, Christoph B. Fiscal Policy Coordination in the Waemu After the Devaluation
title	Fiscal Policy Coordination in the Waemu After the Devaluation
title_auth	Fiscal Policy Coordination in the Waemu After the Devaluation
title_exact_search	Fiscal Policy Coordination in the Waemu After the Devaluation
title_exact_search_txtP	Fiscal Policy Coordination in the Waemu After the Devaluation
title_full	Fiscal Policy Coordination in the Waemu After the Devaluation Rosenberg, Christoph B
title_fullStr	Fiscal Policy Coordination in the Waemu After the Devaluation Rosenberg, Christoph B
title_full_unstemmed	Fiscal Policy Coordination in the Waemu After the Devaluation Rosenberg, Christoph B
title_short	Fiscal Policy Coordination in the Waemu After the Devaluation
title_sort	fiscal policy coordination in the waemu after the devaluation
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