01768cas a2200241 a 4500 AALejournalIMF004418 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864748 1018-5941 BD-DhAAL BD-DhAAL Sy, Amadou. Financial Integration in the West African Economic and Monetary Union / Amadou Sy. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (23 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 This study assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU). The structure of the financial sector and its institutional arrangements indicate that financial integration is well advanced in some aspects. Common and foreign ownership of banks is very high and cross-border transactions are frequent in the government securities markets. Common institutions help achieve a high degree of similarity of rules. There is nonetheless scope for further financial integration as indicated by persistent deviations from the law of one price, limited cross-border bank transactions, and differences in treatment. Policy measures could therefore help achieve greater financial convergence. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/214 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/214/001.2006.issue-214-en.xml IMF e-Library