Regional integration in West Africa : is there a role for a single currency?
著者
書誌事項
Regional integration in West Africa : is there a role for a single currency?
Brookings Institution, c2021
- : pbk
大学図書館所蔵 全1件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
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  フランス
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  アメリカ
注記
Bibliography: p. 175-182
index: p. 183-191
内容説明・目次
内容説明
Assessing the potential benefits and risks of a currency union
Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time.
The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking to meet a self-imposed deadline.
This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, and the ramifications for the African continent.
目次
Contents:
Acknowledgments
1. Introduction and Overview
2. Basic Analytical Considerations
3. Integration through Trade
4. Macroeconomic and Structural Convergence
5. Exchange Rate and Monetary Policy Regimes
6. Illustrative Monetary Policy Rules
7. Institutional Framework, Policy Coordination
8. The Path Forward
Appendixes:
A. Comparing and Contrasting Asia's and Europe's Approaches to Economic Integration
B. Macroeconomic Convergence Criteria for Existing Monetary/Currency Unions
C. General Equilibrium Analysis of Alternative Exchange Rate and Monetary Policy Regimes
D. Details on Construction of Data for Analytical Exercises
Notes
Bibliography
Index
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