The Leading eBooks Store Online 4,363,412 members ⚫ 1,467,645 ebooks

New to eBooks.com?

Learn more

Local Currency Debt Markets in the West African Economic and Monetary Union

Local Currency Debt Markets in the West African Economic and Monetary Union by Amadou N. R. Sy
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
The paper reviews trends and developments in the rapidly growing local currency debt markets in the WAEMU. The main findings are that common institutions, such as a regional central bank and securities exchange have led to high cross-border transactions within the union. However, excess liquidity in the regional banking system has led to limited credit differentiation among issuers and a reliance on supply and demand conditions as a key determinant of yields. The paper also discusses a number of policy issues, including debt management, that are likely to emerge as the markets for government securities continue to develop.
International Monetary Fund; November 2007
17 pages; ISBN 9781452785424
Read online, or download in secure EPUB or secure PDF format
Title: Local Currency Debt Markets in the West African Economic and Monetary Union
Author: Amadou N. R. Sy