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150128 ||| eng |
| 020 |
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|a 9781451845266
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| 100 |
1 |
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|a Pattillo, Catherine
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| 245 |
0 |
0 |
|a Monetary Union in West Africa
|b An Agency of Restraint for Fiscal Policies?
|c Catherine Pattillo, Paul Masson
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2001
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| 300 |
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|a 33 pages
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| 651 |
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4 |
|a Nigeria
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| 653 |
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|a Finance, Public
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| 653 |
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|a International Monetary Arrangements and Institutions
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| 653 |
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|a Budget Systems
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| 653 |
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|a Economic integration
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Government debt management
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| 653 |
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|a Policy Designs and Consistency
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| 653 |
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|a Debt Management
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| 653 |
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|a Debts, Public
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| 653 |
|
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|a Financial Aspects of Economic Integration
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| 653 |
|
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|a Fiscal Policy
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| 653 |
|
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|a Debt
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| 653 |
|
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|a Budget planning and preparation
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| 653 |
|
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|a Exports and Imports
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| 653 |
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|a Fiscal policy
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| 653 |
|
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|a International economics
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| 653 |
|
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|a Budgeting
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| 653 |
|
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|a Sovereign Debt
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| 653 |
|
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|a Policy Objectives
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| 653 |
|
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|a Policy Coordination
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| 653 |
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|a Government asset and liability management
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| 653 |
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|a Budget
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| 653 |
|
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|a Macroeconomics
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| 653 |
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|a Public financial management (PFM)
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| 653 |
|
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|a Central Banks and Their Policies
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| 653 |
|
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|a Budgeting & financial management
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| 653 |
|
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|a National Budget
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| 653 |
|
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|a Monetary unions
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| 653 |
|
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|a Public Finance
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| 700 |
1 |
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|a Masson, Paul
|
| 041 |
0 |
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 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451845266.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2001/034/001.2001.issue-034-en.xml?cid=4027-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Could a West African monetary union (either of the non-CFA countries, or all ECOWAS members) be an effective "agency of restraint" on fiscal policies? We discuss how monetary union could affect fiscal discipline and the arguments for explicit fiscal restraints considered in the European Monetary Union literature, and their applicability to West Africa. The empirical evidence, EMU literature, and CFA experience suggest that monetary union could create the temptation for fiscal profligacy through prospects of a bailout, or costs diluted through the membership. Thus, a West African monetary union could promote fiscal discipline only if the hands of the fiscal authorities are also tied by a strong set of fiscal restraints
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