Fiscal Discipline in WAEMU: Rules, Institutions, and Markets

E. Hitaj, Y.K. Onder | IMF

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). In addition, it examines the effectiveness of fiscal rules and institutions in an environment where financial markets fall short of exerting a significant disciplining effect on governments.

Togo, Senegal, Niger, Mali, Guinea-Bissau, Côte d'Ivoire , Burkina Faso, Benin, Regional Financial Integration, Bond Markets & Exchanges
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