Will the euro trigger more monetary unions in Africa?
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Will the euro trigger more monetary unions in Africa?

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Published by World Bank, Development Research Group, Finance in Washington, DC (1818 H St., NW, Washington 20433) .
Written in English

Subjects:

Places:

  • Africa.

Subjects:

  • Economic and Monetary Union.,
  • Monetary unions -- Africa.,
  • Fiscal policy -- Africa.,
  • Monetary policy -- Africa.

Book details:

About the Edition

The arrival of the euro widens the options for a common peg for African currencies but need not shift the balance of advantages in favor of adopting several common currency arrangements in Africa.

Edition Notes

StatementPatrick Honohan, Philip R. Lane.
SeriesPolicy research working paper ;, 2393, Policy research working papers ;, 2393.
ContributionsLane, Philip R., 1969-, World Bank. Development Research Group. Finance.
Classifications
LC ClassificationsHG3881.5.W57 P63 no. 2393
The Physical Object
Pagination25 p. ;
Number of Pages25
ID Numbers
Open LibraryOL3963580M
LC Control Number2001267902
OCLC/WorldCa44875343

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We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation, as an external agency of restraint and in promoting stability in the financial sector. EMU has only a marginal impact on the net benefits of. Patrick Honohan & Philip R. Lane, "Will the Euro Trigger More Monetary Unions in Africa?," WIDER Working Paper Series wp, World Institute for Development Economic Research (UNU-WIDER). Honohan, Patrick & Lane, Philip R., "undated". "Will the Euro Trigger More Monetary Unions in Africa?   WILL THE EURO TRIGGER MORE MONETARY UNIONS IN AFRICA? Introduction The arrival of EMU has sparked a new wave of interest in cooperative monetary arrangements in Africa. More than a generation after the demise of the east African shilling, there is talk of a new common currency for Kenya, Tanzania and Uganda. And in the CFA zone, widely. Will the Euro trigger more monetary unions in Africa? By Patrick Honohan and Philip R. Lane. Get PDF (2 MB) Abstract. The authors analyze the prospects for greater monetary integration in Africa, in the wake of the European Monetary Union. They argue that the structural characteristics of African economies, are quite different from those of.

July The arrival of the euro widens the options for a common peg for African currencies but need not shift the balance of advantages in favor of adopting several common currency arrangements in Africa. Honohan and Lane analyze the prospects for greater monetary integration in Africa in the wake of the European Monetary Union. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different from those of the EMU members but that much can be gained from monetary cooperation, as an external agency of restraint and in promoting. Abstract The authors analyze the prospects for greater monetary integration in Africa, in the wake of the European Monetary Union. They argue that the structural characteristics of African economies, are quite different from those of European economies, but that much can be gained from monetary cooperation - as an external agency of restraint, and for promoting stability in the financial sector. WILL THE EURO TRIGGER MORE MONETARY UNIONS IN AFRICA? Introduction The arrival of EMU has sparked a new wave of interest in cooperative monetary arrangements in Africa. More than a generation after the demise of the east African shilling, there is talk of a new common currency for Kenya, Tanzania and Uganda.

More Working Paper | EMU and the Developing Countries; Part III: Impact on the Rest of the World Will the Euro Trigger More Monetary Unions in Africa? Patrick Honohan and Philip R. Lane More Working Paper | Will the Euro Trigger More Monetary Unions in Africa? Part III: Impact on the Rest of . Regional Economic Communities in Africa aim to establish monetary unions as part of their broader integration agenda. Africa has a long history of some countries sharing single currencies. For example, the West African Economic and Monetary Union (UEMOA) has 8 countries using the CFA franc, previously pegged to the French franc and now to the euro.   With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere. Europe have seemed more persistent, leading to significant cumulative movements in relative price levels. In a monetary union, changes in bilateral real exchange rates can now take place only through inflation differentials, since nominal exchange rates are fixed by definition. Countries across the euro area differ in many ways: for example, in.