01843cas a2200253 a 4500 AALejournalIMF013140 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475548204 1018-5941 BD-DhAAL BD-DhAAL Diouf, Mame Astou. Financing Growth in the WAEMU Through the Regional Securities Market : Past Successes and Current Challenges / Mame Astou Diouf, Francois Boutin-Dufresne. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (22 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 The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional background, this paper studies recent developments and the determinants of interest rates on the market-using yield curve and principal component analyses. It also identifies challenges and prospective reforms that could help the region reap the full benefits of a more dynamic securities market and assesses the potential systemic risk the market may pose for the region's banking system. Mode of access: Internet Boutin-Dufresne, Francois. IMF Working Papers; Working Paper ; No. 2012/249 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/249/001.2012.issue-249-en.xml IMF e-Library