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150128 ||| eng |
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|a 9781451868197
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| 100 |
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|a Sy, Amadou
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| 245 |
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|a Local Currency Debt Markets in the West African Economic and Monetary Union
|c Amadou Sy
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2007
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| 300 |
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|a 17 pages
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| 651 |
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4 |
|a Burkina Faso
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| 653 |
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|a Finance
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| 653 |
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|a Securities
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| 653 |
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|a Capital market
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Investments: Bonds
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| 653 |
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|a Treasury bills and bonds
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| 653 |
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|a Financial instruments
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| 653 |
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|a Bonds
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| 653 |
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|a Investments: General
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| 653 |
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|a Investment & securities
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| 653 |
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|a Finance: General
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| 653 |
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|a Government securities
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| 653 |
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|a Securities markets
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451868197.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2007/256/001.2007.issue-256-en.xml?cid=21363-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a 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
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