Nothing Special   »   [go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Improving Surveillance Across the CEMAC Region

Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita and Robert York
Authors registered in the RePEc Author Service: Пламен Йосифов

No 2009/260, IMF Working Papers from International Monetary Fund

Abstract: In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a monetary union because fiscal policy is the primary instrument through which national governments can influence macroeconomic performance. We comment on how surveillance might be improved by broadening the region's current criteria through alternative fiscal indicators, some focus on the scope and nature of external shocks, and attention to the consistency of policies in assuring the viability of the union and its fixed exchange rate regime.

Keywords: WP; terms of trade; oil revenue; exchange rate; CFA franc (search for similar items in EconPapers)
Pages: 57
Date: 2009-11-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23421 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2009/260

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

 
Page updated 2024-12-10
Handle: RePEc:imf:imfwpa:2009/260