Financial stability and monetary stability: the role of macroprudential and monetary policy coordination in CEMAC

Pierre Ghislain BATILA NGOUALA Kombo ()
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Pierre Ghislain BATILA NGOUALA Kombo: Université Marien Ngouabi de Brazzaville, République du Congo

Region et Developpement, 2025, vol. 61, 97-109

Abstract: This article aims to determine the nature of the policy mix between monetary policy and macroprudential policy in the CEMAC (Central African Economic and Monetary Community) area over the period 1991-2016. To do this, we used a panel VAR model estimated by the system GMM technique. The results obtained show that the BEAC (Bank of Central African States) implements an integrated policy mix characterized not only by the search for monetary stability but also by the search for financial stability.

Keywords: Policy mix; Macroprudential policy; Monetary policy; Financial stability; CEMAC (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 G01 G28 O55 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:tou:journl:v:61:y:2025:p:97-109

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