Monetary Policy and Financial Stability in Fixed Exchange: A Case Study of BEAC

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 12

Year of Publication : 2020

Authors : Toussaint Armel Bakala

10.14445/23939125/IJEMS-V7I12P117

How to Cite?

Toussaint Armel Bakala, "Monetary Policy and Financial Stability in Fixed Exchange: A Case Study of BEAC," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 12, pp. 109-113, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I12P117

Abstract:

This paper examines the policy mixes nature between monetary policy and macroprudential policy in the Bank of Central African States (BEAC) countries. An "augmented" monetary rule of the financial stability objective is tested using a Panel Transition Regression Models (PTR). The results show that the nature of the policy-mix between monetary policy and macroprudential policy depends on the prevailing economic situation appreciated by BEAC's net foreign assets' evolution.

Keywords:

Policy-mix, Monetary policy, Financial stability, Macroprudential policy.

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