Author(s)

Symphorien Engone Mve

University of Omar Bongo, Libreville, Gabon.

This article examines the nature of the policy-mix between monetary policy and macroprudential policy in the member countries of the Bank of Central African States (BCAS). For this, we test a monetary rule “augmented” by the financial stability objective using a regime-switching panel model over the period 2006-2018. The results show that the nature of the policy-mix between monetary policy and macroprudential policy depends on the economic situation, assessed by the evolution of BCAS’s net foreign assets.

Policy-Mix, Monetary Policy, Fixed Exchange Rate, Financial Stability, Macroprudential Policy

Engone Mve, S. (2022) Monetary Policy and Macroprudential Policy in Fixed Exchange: The Case of the Bank of Central African States. Theoretical Economics Letters, 12, 1323-1334. doi: 10.4236/tel.2022.125072.