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Financial stability and monetary stability: the role of macroprudential and monetary policy coordination in CEMAC

Author

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  • Pierre Ghislain BATILA NGOUALA KOMBO

    (Université Marien Ngouabi de Brazzaville, République du Congo)

Abstract

This article aims to determine the nature of the policy mix between monetary policy and macroprudential policy in the CEMAC (Central African Economic and Monetary Community) area over the period 1991-2016. To do this, we used a panel VAR model estimated by the system GMM technique. The results obtained show that the BEAC (Bank of Central African States) implements an integrated policy mix characterized not only by the search for monetary stability but also by the search for financial stability.

Suggested Citation

  • Pierre Ghislain BATILA NGOUALA KOMBO, 2025. "Financial stability and monetary stability: the role of macroprudential and monetary policy coordination in CEMAC," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 61, pages 97-109.
    • Handle: RePEc:tou:journl:v:61:y:2025:p:97-109
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    More about this item

    Keywords

    Policy mix ; Macroprudential policy ; Monetary policy ; Financial stability; CEMAC;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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