Local Currency Debt Markets in the West African Economic and Monetary Union

Local Currency Debt Markets in the West African Economic and Monetary Union
The paper reviews trends and developments in the rapidly growing local currency debt markets in the WAEMU. The main findings are that common institutions, such as a regional central bank and securities exchange have led to high cross-border transactions within the union. However, excess liquidity in the regional banking system has led to limited... READ MORE...

Publication date: November 2007
ISBN 9781451868197
$18.00

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