L'indépendance de la Banque Centrale des États de l'Afrique de l'Ouest : une réforme souhaitable ?

Why has West-African Central Bank?'s independency to be increased ? The answer may be based on the institutional and monetary history of the West-African Monetary Union. Enhancing the confidence in money value and assessing that monetary and economic integration will persist in the future would be the main benefit. The feasibility of such a reform supposes that the collegiality of monetary decisions and the transparency of the Central Bank management will be enforced. It will be also necessary to improve the coordination of monetary and fiscal policies, in order to promote a more rapid and stable economic growth in the Union.