TY - BOOK ID - 101240635 TI - Central African Economic and Monetary Community : Selected Issues. PY - 2016 SN - 1475535546 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Reserves (Accounting) KW - Debts, External KW - Petroleum products KW - Economic development KW - Prices KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Economic policy KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Mazut KW - Petroleum KW - Hydraulic fluids KW - Debts, Foreign KW - Debts, International KW - External debts KW - Foreign debts KW - International debts KW - Debt KW - International finance KW - Investments, Foreign KW - Accounting KW - Amortization KW - Sinking-funds KW - Refining KW - Banks and Banking KW - Exports and Imports KW - Investments: General KW - Macroeconomics KW - Public Finance KW - General Financial Markets: General (includes Measurement and Data) KW - Fiscal Policy KW - International Lending and Debt Problems KW - Monetary Policy KW - Debt Management KW - Sovereign Debt KW - Investment & securities KW - International economics KW - Public finance & taxation KW - Banking KW - Treasury bills and bonds KW - Fiscal policy KW - External debt KW - Public debt KW - International reserves KW - Financial institutions KW - Central banks KW - Government securities KW - Foreign exchange reserves KW - Debts, Public KW - Central Africa Economic and Monetary Community UR - https://www.unicat.be/uniCat?func=search&query=sysid:101240635 AB - This Selected Issues paper assesses the appropriate level of international reserves for the Economic and Monetary Community of Central Africa. The management of the regional central bank’s (BEAC’s) international reserves is governed by monetary cooperation agreements with France. In view of current risks, it is suggested that the BEAC should define its target level of international reserves. The BEAC should have a framework that reflects fairly each member state’s contribution to the pooled reserves. The enforcement of the surrender requirement should be based on a finding of noncompliance even if the target level is achieved. The institutional framework for reserve management should also provide for the achievement of the target level. ER -