01896cas a2200277 a 4500 AALejournalIMF021999 230101c9999 xx r poo 0 0eng d 20.00 USD 9781484341186 2616-5333 BD-DhAAL BD-DhAAL Kolerus, Christina. Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union / Christina Kolerus, Aleksandra Zdzienicka, Ermal Hitaj, Douglas Shapiro. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (41 pages) Departmental 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), like other monetary unions, faces a number of challenges in dealing with macroeconomic shocks. The region experiences a large number of exogenous shocks: climate-related (e.g., droughts, floods), with a heavy toll on populations and agriculture, but also economic (e.g., terms of trade), with a large impact on key sectors and the cost of living. More generally business cycle synchronization within the WAEMU seems low. Addressing these shocks, while preserving the stability of the union, is therefore a critical issue in the WAEMU.This paper discusses these issues and suggests possible reforms. Mode of access: Internet Hitaj, Ermal. Shapiro, Douglas. Zdzienicka, Aleksandra. Departmental Papers; Departmental Paper ; No. 2013/007 Full text available on IMF http://elibrary.imf.org/view/journals/087/2013/007/087.2013.issue-007-en.xml IMF e-Library