Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies
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| 100 | 1 | |a Pattillo, Catherine A. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Monetary Union in West Africa |b An Agency of Restraint for Fiscal Policies |c Pattillo, Catherine A |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2001 | |
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| 490 | 0 | |a IMF Working Papers |v Working Paper No. 01/34 | |
| 520 | 3 | |a Could a West African monetary union (either of the non-CFA countries, or all ECOWAS members) be an effective ""agency of restraint"" on fiscal policies? We discuss how monetary union could affect fiscal discipline and the arguments for explicit fiscal restraints considered in the European Monetary Union literature, and their applicability to West Africa. The empirical evidence, EMU literature, and CFA experience suggest that monetary union could create the temptation for fiscal profligacy through prospects of a bailout, or costs diluted through the membership. Thus, a West African monetary union could promote fiscal discipline only if the hands of the fiscal authorities are also tied by a strong set of fiscal restraints | |
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| id | DE-604.BV048348206 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:15Z |
| institution | BVB |
| isbn | 145184526X 9781451845266 |
| language | English |
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| oclc_num | 1337117899 |
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| physical | 1 Online-Ressource (33 p) |
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| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Pattillo, Catherine A. Monetary Union in West Africa An Agency of Restraint for Fiscal Policies |
| title | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies |
| title_auth | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies |
| title_exact_search | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies |
| title_full | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies Pattillo, Catherine A |
| title_fullStr | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies Pattillo, Catherine A |
| title_full_unstemmed | Monetary Union in West Africa An Agency of Restraint for Fiscal Policies Pattillo, Catherine A |
| title_short | Monetary Union in West Africa |
| title_sort | monetary union in west africa an agency of restraint for fiscal policies |
| title_sub | An Agency of Restraint for Fiscal Policies |
| url | http://elibrary.imf.org/view/IMF001/04719-9781451845266/04719-9781451845266/04719-9781451845266.xml |
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