Empirical Analysis Of Risks To The West African Monetary Zone Wamz PDF Download
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Author | : West African Monetary Institute |
Publisher | : |
Total Pages | : 150 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Empirical Analysis of Risks to the West African Monetary Zone (WAMZ) Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 72 |
Release | : 2004 |
Genre | : Banks and banking |
ISBN | : |
Download Payments System Study in the West African Monetary Zone (WAMZ) Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 25 |
Release | : 2019 |
Genre | : Electronic books |
ISBN | : |
Download West African Currency Union Book in PDF, ePub and Kindle
Since the inception of the Economic Community of West African States (ECOWAS) in 1975, the founding members have aimed to introduce a single regional currency as a mechanism to achieve continued economic integration, sustainable economic expansion and poverty reduction. This paper empirically assesses the feasibility of the proposed West African Monetary Zone (WAMZ) as an optimum currency area by considering potential benefits and costs of the union using the Gravity Model of Trade and Vector Autoregression (VAR) analysis respectively. To perform the assessment, I first employ the Gravity Model of Trade to analyze the trade-creating benefits of adopting a common currency by evaluating the effect of currency risk on bilateral trade flows. I find that currency risk is not a significant trade barrier. Then, I perform a VAR analysis to understand the symmetry of shock responses across the proposed union and discover that both supply and demand shocks are generally asymmetric. This finding indicates that the retention of monetary policy autonomy by member countries will be more beneficial than joining the proposed currency union. The results of both analyses indicate that the proposed monetary zone is not an optimal currency area. Finally, I employ a K-means clustering algorithm to derive a statistically driven cluster of countries best suited to form an optimal currency area in West Africa and find three optimal clusters.
Author | : |
Publisher | : |
Total Pages | : 231 |
Release | : 2004 |
Genre | : Monetary unions |
ISBN | : |
Download Payments System Study in the West African Monetary Zone (WAMZ) Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 400 |
Release | : 2000 |
Genre | : |
ISBN | : |
Download West African Monetary Zone Book in PDF, ePub and Kindle
Author | : West African Monetary Institute |
Publisher | : |
Total Pages | : 12 |
Release | : 2006* |
Genre | : Banks and banking |
ISBN | : |
Download ECO Book in PDF, ePub and Kindle
Author | : Patrick A. Imam |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2013-10-22 |
Genre | : Business & Economics |
ISBN | : 1484348222 |
Download West African Economic and Monetary Union Book in PDF, ePub and Kindle
The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.
Author | : Ms.Anne Marie Gulde |
Publisher | : International Monetary Fund |
Total Pages | : 411 |
Release | : 2008-04-02 |
Genre | : Business & Economics |
ISBN | : 1589066758 |
Download The CFA Franc Zone Book in PDF, ePub and Kindle
About one-third of countries covered by the IMF's African Department are members of the CFA franc zone. With most other countries moving away from fixed exchange rates, the issue of an adequate policy framework to ensure the sustainability of the CFA franc zone is clearly of interest to policymakers and academics. However, little academic research exists in the public domain. This book aims to fill this void by bringing together work undertaken in the context of intensified regional surveillance and highlighting the current challenges and the main policy requirements if the arrangements are to be carried forward. The book is based on empirical research by a broad group of IMF economists, with contributions from several outside experts.
Author | : |
Publisher | : |
Total Pages | : 102 |
Release | : 2015 |
Genre | : Africa |
ISBN | : 9781475547979 |
Download Pan-African Banks Book in PDF, ePub and Kindle
Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.
Author | : Paul De Grauwe |
Publisher | : Oxford University Press, USA |
Total Pages | : 280 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 0199684448 |
Download Economics of Monetary Union Book in PDF, ePub and Kindle
The tenth edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author addresses the current issues surrounding the Eurozone and presents a critical discussion of the costs and benefits of possible exits by its member countries and the surrounding fiscal implications.