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- W3125467609 abstract "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 credit differentiation among issuers and a reliance on supply and demand conditions as a key determinant of yields. The paper also discusses a number of policy issues, including debt management, that are likely to emerge as the markets for government securities continue to develop." @default.
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- W3125467609 date "2007-11-01" @default.
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- W3125467609 title "Local Currency Debt Markets in the West African Economic and Monetary Union" @default.
- W3125467609 doi "https://doi.org/10.5089/9781451868197.001.a001" @default.
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