Name: Regional Integration in West Africa: Is There a Role for a Single Currency? (en Inglés)
Price: 210.51 PEN
Availability: InStock
Author: Eswar Prasad; Vera Songwe
ISBN: 9780815738534

portada Regional Integration in West Africa: Is There a Role for a Single Currency? (en Inglés)

Formato

Libro Físico

Editorial

Brookings Institution

Autor

Eswar Prasad; Vera Songwe

Año

2021

Idioma

Inglés

N° páginas

180

Encuadernación

Tapa Blanda

ISBN13

9780815738534

Categorías

Banca

Regional Integration in West Africa: Is There a Role for a Single Currency? (en Inglés)

Eswar Prasad; Vera Songwe (Autor) · Brookings Institution · Tapa Blanda

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "Regional Integration in West Africa: Is There a Role for a Single Currency? (en Inglés)"

Assessing the potential benefits and risks of a currency unionLeaders 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.