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Independence of the Central Bank of West African States :An Expected Reform?

Author

Listed:
  • Sylviane Guillaumont Jeanneney

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

Abstract

Why increase the independence of the Central Bank of West African States? The answer can be sought in the monetary and institutional evolution of the West African Economic and Monetary Union. The advantage would be to increase confidence in the value of the currency and to guarantee the continuity of the economic and monetary integration of West Africa. The feasibility of the reform implies strengthening the collegiality of monetary decisions and the transparency of the management of the Central Bank. It is also necessary to improve the coordination of budgetary and monetary policies, with a view to a stronger and more regular growth of the economies of the Union.

Suggested Citation

  • Sylviane Guillaumont Jeanneney, 2007. "Independence of the Central Bank of West African States :An Expected Reform?," Post-Print hal-00187034, HAL.
    • Handle: RePEc:hal:journl:hal-00187034
    as

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    Cited by:

    1. Samuel Guérineau & Sylviane Guillaumont Jeanneney, 2011. "Can domestic debt contribute to the financing of the “Millennium Development Goals” ? The case of the West African Economic and Monetary Union (WAEMU)," CERDI Working papers halshs-00557005, HAL.

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