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  1. An Index of African Monetary Integration (IAMI)
    Published: [2020]
    Publisher:  African Governance and Development Institute, [Yaoundé]

    This study improves the African Regional Integration Index (ARII) proposed by the African Union, the African Development Bank and the United Nations Economic Commission for Africa by providing a theoretical framework and addressing shortcomings... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 524
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    This study improves the African Regional Integration Index (ARII) proposed by the African Union, the African Development Bank and the United Nations Economic Commission for Africa by providing a theoretical framework and addressing shortcomings related to weighting and aggregation of the indicator. This paper measures monetary integration in the eight African Regional Economic Communities (RECs) by constructing an Index of African Monetary Integration (IAMI). It proposes an Optimal Currency Area as theoretical framework and uses a panel approach to appreciate the dynamics of the index over different periods of time. The findings show that: (i) inflation and finance (trade and mobility) present the highest (lowest) score while ECOWAS is (EAC and IGAD are) the highest (least) performing. (ii) Surprisingly, in most RECs, the highest contributors to wealth creation are not the top performers in regional monetary integration. (iii) The RECs in Africa are characterized by a stable monetary integration which is different from the gradual process usually observed in monetary integration because with the exception of the EAC and UMA, the dynamics of IAMI show a steady trend in the overall index across time. Policy implications are discussed.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/227981
    Series: AGDI working paper ; WP/20, 003
    Subjects: Monetary Integration; Currency Unions; Economic Communities; Africa
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  2. On the economic desirability of the West African monetary union
    would one currency fit all?
    Published: 16.02.21
    Publisher:  CEPII, Paris

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VSP 1686
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CEPII working paper ; no. 2021, 03 (February)
    Subjects: Monetary Integration; West Africa; CFA Franc Zone; ECOWAS
    Scope: 1 Online-Ressource (circa 34 Seiten)
  3. Asymmetric shocks, real exchange rate distortions and options for the second monetary zone in West Africa
    Published: November 2019
    Publisher:  African Economic Research Consortium, Nairobi, Kenya

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789966610591
    Series: Research paper / African Economic Research Consortium ; 366
    Subjects: West African Monetary Zone; Real Exchange Rates; RER Misalignments; Monetary Integration
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  4. Yen or Yuan? China's role in the future of Asian monetary integration