Financial Integration in the West African Economic and Monetary Union

Author/creator Sy, Amadou N. R. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description30 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation This study assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU). the structure of the financial sector and its institutional arrangements indicate that financial integration is well advanced in some aspects. Common and foreign ownership of banks is very high and cross-border transactions are frequent in the government securities markets. Common institutions help achieve a high degree of similarity of rules. There is nonetheless scope for further financial integration as indicated by persistent deviations from the law of one price, limited cross-border bank transactions, and differences in treatment. Policy measures could therefore help achieve greater financial convergence.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451909272
ISBN1451909276 (E-Book) Active Record
Stock number00013468

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