Hidden Bibliographic Details
| Other authors / contributors: | Iossifov, Plamen, author.
International Monetary Fund. African Department.
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| ISBN: | 1462393098
9781462393091
128284492X
9781282844926
9786612844928
6612844922
1451942028
9781451942026
1452756112
9781452756110
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references (pages 54-57).
English.
Print version record.
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| Summary: | In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a monetary union because fiscal policy is the primary instrument through which national governments can influence macroeconomic performance. We comment on how surveillance might be improved by broadening the region's current criteria through alternative fiscal indicators, some focus on the scope and nature of external shocks, and attention to the consistency of policies in assuring the viability of the union and its fixed exchange rate regime.
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| Other form: | Print version: Improving surveillance across the CEMAC region. [Washington, DC] : International Monetary Fund (IMF), ©2009
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