01759cas a2200241 a 4500 AALejournalIMF000601 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451967623 1018-5941 BD-DhAAL BD-DhAAL Rother, Philipp. Money Demand and Regional Monetary Policy in the West African Economic and Monetary Union / Philipp Rother. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Regional monetary integration, financial liberalization, and the adoption of indirect policy instruments have changed the conditions for monetary policy in the West African Economic and Monetary Union (WAEMU). The stability of money demand has become a crucial element for monetary policy. This paper presents empirical money demand estimations for regional monetary aggregates and analyzes their stability and forecast performance. The estimations result in a stable relationship for narrow money (M1). Consequently, the region';s central bank, the BCEAO, can continue to conduct monetary policy in line with the fixed exchange rate system if it succeeds in maintaining financial stability. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/057/001.1998.issue-057-en.xml IMF e-Library