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The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations; Impact on the CEMAC Region and Policy Considerations
Milkov, Dimitre; Portillo, Rafael A; Iossifov, Plamen; … - International Monetary Fund (IMF) - 2009
The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the response of CEMAC governments to the global financial crisis and recession, with particular focus...
Persistent link: https://www.econbiz.de/10011245874
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Inflation Dynamics in the CEMAC Region
Poplawski-Ribeiro, Marcos; Tartari, Darlena; Caceres, Carlos - International Monetary Fund (IMF) - 2011
This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel cointegrated vector autoregressive (VAR) models. Imported commodity price shocks are significant in explaining...
Persistent link: https://www.econbiz.de/10009369448
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Reforming External Tariffs in Central and Western African Countries
Doe, Lubin Kobla - International Monetary Fund (IMF) - 2006
This paper examines the reform of the external tariff initiated by the CEMAC and the WAEMU that is aimed at reinforcing their economic integration. Overall, there is broad compliance with the streamlined and moderate rates, but with significant deviations from the harmonized paths in several...
Persistent link: https://www.econbiz.de/10005826234
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Harmonization of Domestic Consumption Taxes in Central and Western African Countries
Doe, Lubin Kobla - International Monetary Fund (IMF) - 2006
This paper examines the reform of the main domestic consumption taxes initiated by the CEMAC and the WAEMU aimed at reinforcing their economic integration. On the whole, compliance with the VAT is relatively weaker in the CEMAC than in the WAEMU. The opposite applies for excises. Major reforms...
Persistent link: https://www.econbiz.de/10005826514
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The Choice Between External and Domestic Debt in Financing Budget Deficits; The Case of Central and West African Countries
Beaugrand, Philippe; Mlachila, Montfort; Loko, Boileau - International Monetary Fund (IMF) - 2002
The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central and West African countries. The paper develops a simple analytical framework and...
Persistent link: https://www.econbiz.de/10005768940
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Current Account Norms in Natural Resource Rich and Capital Scarce Economies
Araujo, Juliana Dutra; Li, Grace Bin; … - International Monetary Fund (IMF) - 2013
The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Resource-rich developing countries (RRDCs), on the other hand, face substantial...
Persistent link: https://www.econbiz.de/10011123817
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Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?
Lebrun, Igor; Ruiz, Esther Pérez - International Monetary Fund (IMF) - 2014
core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …
Persistent link: https://www.econbiz.de/10010959463
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France; Selected Issues Paper
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the … France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight …
Persistent link: https://www.econbiz.de/10011244236
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France; 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although … France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries …, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share …
Persistent link: https://www.econbiz.de/10011244581
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France; Financial Sector Assessment Program—Technical Note on Housing Prices and Financial Stability
International Monetary Fund (IMF); International … - 2013
This technical note examines housing prices and financial stability in France. The note highlights that sharply rising …
Persistent link: https://www.econbiz.de/10011245055