TY - BOOK ID - 11276152 TI - Improving Surveillance Across the CEMAC Region AU - Iossifov, Plamen. AU - Takebe, Misa. AU - Zhan, Zaijin. AU - Kinoshita, Noriaki. AU - York, Robert. AU - International Monetary Fund. PY - 2009 SN - 1451918216 1452756112 1451942028 9786612844928 128284492X 1462393098 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Monetary policy KW - Monetary unions KW - Banks and banking KW - Communauté économique et monétaire de l'Afrique centrale. KW - Africa, Central KW - Economic integration KW - History. KW - Agricultural banks KW - Banking KW - Banking industry KW - Commercial banks KW - Depository institutions KW - Common currencies KW - Currency areas KW - Currency unions KW - Optimum currency areas KW - Monetary management KW - C.E.M.A.C. KW - CEMAC KW - Central African Economic and Monetary Community KW - Africa, Equatorial KW - Central Africa KW - Equatorial Africa KW - Finance KW - Financial institutions KW - Money KW - Currency question KW - Economic policy KW - Currency boards KW - Money supply KW - Union douanière et économique de l'Afrique centrale KW - Union économique de l'Afrique centrale KW - Investments: Energy KW - Macroeconomics KW - Public Finance KW - Taxation KW - Fiscal Policy KW - Business Taxes and Subsidies KW - Energy: General KW - National Government Expenditures and Related Policies: General KW - Public finance & taxation KW - Investment & securities KW - Fiscal stance KW - Fiscal policy KW - Oil, gas and mining taxes KW - Oil KW - Expenditure KW - Petroleum industry and trade KW - Expenditures, Public KW - Equatorial Guinea, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:11276152 AB - In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a monetary union because fiscal policy is the primary instrument through which national governments can influence macroeconomic performance. We comment on how surveillance might be improved by broadening the region's current criteria through alternative fiscal indicators, some focus on the scope and nature of external shocks, and attention to the consistency of policies in assuring the viability of the union and its fixed exchange rate regime. ER -