Download the fantastic book titled Revamping the West African Economic and Monetary Union WAEMU Fiscal Framework written by Can Sever, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Revamping the West African Economic and Monetary Union WAEMU Fiscal Framework", which was released on 26 April 2023. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Revamping the West African Economic and Monetary Union WAEMU Fiscal Framework by Can Sever PDF
This paper aims to provide a broad perspective on the WAEMU fiscal framework. Based on backward looking exercises and forward looking scenarios, it shows that (i) repeated fiscal slippages and historically large stock flow adjustments contributed to the surge in the WAEMU public debt, and (ii) stock flow adjustments can have significant effects on the WAEMU debt dynamics going forward. This paper also discusses that it is essential and urgent to reintroduce the fiscal rules and the Convergence Pact and to enhance the rules. Revamping the fiscal rules should focus on introducing a correction mechanism (which could contain surges in debt in the future) and an escape clause (which would enhance fiscal discipline and predictability), as well as capturing the extensive extra-budgetary and below-the-line operations and strengthening the enforcement mechanism. Any consideration to changing the fiscal deficit target should also encompass addressing extra-budgetary and below-the-line transactions (for example by changing the definition of the deficit). It is not appropriate to increase the debt ceiling.
Detail About Revamping the West African Economic and Monetary Union WAEMU Fiscal Framework PDF
- Author : Can Sever
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 22 pages
- ISBN :
- Release Date : 26 April 2023
- PDF File Size : 37,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
Clicking on the GET BOOK button will initiate the downloading process of Revamping the West African Economic and Monetary Union WAEMU Fiscal Framework by Can Sever. This book is available in ePub and PDF format with a single click unlimited downloads.