Titlebook: Regional Integration and Policy Challenges in Africa; Adam B. Elhiraika (Director),Allan C. K. Mukungu ( Book 2015 Palgrave Macmillan, a d

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Fiscal Rules in WAEMU: Limiting Public Deficitsthe effectiveness of fiscal policy in African monetary unions. Since, the common monetary and exchange policy is managed at a supranational level, the West African Economic and Monetary Union (WAEMU) and the Economic Community of Central African States (CEMAC) countries are deprived of the monetary

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Conclusionormed the findings and inferences thereafter. The analyses have covered the following four areas whose conclusions are presented in the following sections: (I) Convergence, Monetary Policy, and Economic Growth, (II) Institutional Integration and Policy Coordination, (III) Financial Integration and R

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Monetary Policy and Economic Growth in CEMAC: A Panel Data Approachcause monetary policy is one of the main instruments of economic policy, it contributes to the achievement of the latter’s objectives. While it is considered to have some effect on the control of inflation, its impact on economic activity remains the subject of lively debate among economists.

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Financial Frictions and Exchange Rates in ECOWAS’s Prospective Monetary Unionial reserves, and public deficit. The West African Monetary Institute was created in 2000 to monitor compliance with the convergence criteria and organize macroeconomic surveillance within the group. The poor achievement of convergence criteria has become a stumbling block to progress towards the creation of a single currency.

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Monitoring Fiscal Sustainability in Africaes the deficit emerge?. Are deficits followed by lower government revenues or by higher government spending? These questions call for disaggregation of the main components of deficits in order to evaluate the character of the causal relationship between revenue and spending.