Financial Integration in the West African Economic and Monetary Union / Amadou Sy.

Format:

Book

Government document

Author/Creator:

Sy, Amadou.

Series:

IMF Working Papers; Working Paper ; No. 2006/214

IMF Working Papers

Language:

English

Subjects (All):

Monetary unions--Africa, West.

Monetary unions.

Africa, West--Economic conditions.

Africa, West.

Physical Description:

1 online resource (25 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

This study assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU). The structure of the financial sector and its institutional arrangements indicate that financial integration is well advanced in some aspects. Common and foreign ownership of banks is very high and cross-border transactions are frequent in the government securities markets. Common institutions help achieve a high degree of similarity of rules. There is nonetheless scope for further financial integration as indicated by persistent deviations from the law of one price, limited cross-border bank transactions, and differences in treatment. Policy measures could therefore help achieve greater financial convergence.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. THE REGIONAL FINANCIAL SECTOR""; ""III. FINANCIAL INTEGRATION THROUGH REGIONAL INSTITUTIONS""; ""IV. REGIONAL POLICY ISSUES AND CONCLUSIONS""; ""References""

Notes:

"September 2006."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613822475

9781462316502

1462316506

9781452701707

1452701709

9781282562158

1282562150

9781451909272

1451909276

OCLC:

694141233