Fiscal Discipline in WAEMU
| Author | : Mr.Ermal Hitaj |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 2013-10-23 |
| ISBN-10 | : 9781475524482 |
| ISBN-13 | : 147552448X |
| Rating | : 4/5 (48X Downloads) |
Book Synopsis Fiscal Discipline in WAEMU by : Mr.Ermal Hitaj
Download or read book Fiscal Discipline in WAEMU written by Mr.Ermal Hitaj and published by International Monetary Fund. This book was released on 2013-10-23 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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). The paper finds that the responsiveness of sovereign bond rates to governments’ fiscal behavior in the regional financial market remains limited. In addition, the paper examines the effectiveness of fiscal rules and institutions in an environment where financial markets fall short of exerting a significant disciplining effect on governments.