The imported credibility of the CFA Zone would be greatly fostered by meeting those criteria and this would in turn help to make further progress with economic integration.
References Board of Governors of the Federal Reserve System (2018). “The Recent Rise in Oil Prices (PDF),” Monetary Policy Report. Washington: Board of Governors, July 13. Bodenstein, Martin, Christopher J. Erceg, and Luca Guerrieri (2009). “The Effects of Foreign Shocks When Interest Rates Are at Zero (PDF),” International Finance Discussion Papers 983. Washington: Board of Governors of the Federal Reserve System, October.