Download or read book Monetary Obstacles to the Expansion of Intra African Trade and the Development of Monetary Cooperation in Africa written by Samuel Nana-Sinkam and published by . This book was released on 1975 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monetary and Other Financial Obstacles to Intra African Trade written by Oladeji O. Ojo and published by . This book was released on 1987 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monetary and Other Financial Obstacles to Intra Africa Trade written by Oladeji O. Ojo and published by . This book was released on 1987 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The African Continental Free Trade Area Potential Economic Impact and Challenges written by Mr.Lisandro Abrego and published by International Monetary Fund. This book was released on 2020-05-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is expected to cover all 55 African countries, with a combined GDP of about US$2.2 trillion. This SDN takes stock of recent trade developments in Sub-Saharan Africa and assesses the potential benefits and costs of the AfCFTA, as well as challenges to its successful implementation. In addition to increased trade flows both in existing and new products, the AfCFTA has the potential to generate substantial economic benefits for African countries. These benefits include higher income arising from increased efficiency and productivity from improved resource allocation, higher cross-border investment flows, and technology transfers. Besides lowering import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient their customs procedures, reducing their wide infrastructure gaps, and improving their business climates. At the same time, policy measures should be taken to mitigate the differential impact of trade liberalization on certain groups as resources are reallocated in the economy and activities migrate to locations with comparatively lower costs.

Download or read book Regionalism and Africa s Development written by S.K.B. Asante and published by Springer. This book was released on 2016-07-27 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical appraisal of regionalism as a key strategy in Africa's development explaining the failures thus far of attempts at regional integration on the continent. This is the first text to highlight the main features of the new post-1990 regional initiatives such as the all-embracing African Economic Community and World Bank, IMF, African Development Bank, EC and French initiatives and the challenges to Africa from trading blocs elsewhere in the post-Uruguay Round environment.

Download or read book The Challenge of Developing Intra African Trade written by Jonathan H. Chileshe and published by . This book was released on 1977 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monetary Integration and Theory of Optimum Currency Areas in Africa written by Samuel Nana-Sinkam and published by De Gruyter Mouton. This book was released on 1979 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Should African Monetary Unions Be Expanded An Empirical Investigation of the Scope for Monetary Integration in Sub Saharan Africa written by Mr.Xavier Debrun and published by International Monetary Fund. This book was released on 2010-07-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities. The model is calibrated using African data. Simulations indicate that the proposed EAC, ECOWAS, and SADC monetary unions bring about net benefits to some potential members, but modest net gains and sometimes net losses for others. Strengthening domestic macroeconomic frameworks is shown to provide some of the same improvements as monetary integration, reducing the latter’s relative attractiveness.

Download or read book Integration Development and Equity Economic Integration in West Africa written by Peter Robson and published by Routledge. This book was released on 2010-11-26 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reissue, first published in 1983, is an authoritative study of economic integration among the states of West Africa, focusing upon the issues and experience of the four main initiatives for regional integration in West Africa, namely the Economic Community of West African States, the Mano River Union, the Communauté Economique de l’Afrique de l’Ouest, and the recent initiative for the establishment of an economic and monetary union between Senegal and the Gambia.

Download or read book The Monetary Geography of Africa written by Paul R. Masson and published by Rowman & Littlefield. This book was released on 2004-11-30 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower transaction costs, increased stability, and greater insulation of central banks from pressures to provide monetary financing. Disadvantages relate to asymmetries among countries, especially in their terms of trade and in the degree of fiscal discipline. More disciplined countries will not want to form a union with countries whose excessive spending puts upward pressure on the central bank's monetary expansion. In T he Monetary Geography of Africa, Paul Masson and Catherine Pattillo review the history of monetary arrangements on the continent and analyze the current situation and prospects for further integration. They apply lessons from both experience and theory that lead to a number of conclusions. To begin with, West Africa faces a major problem because Nigeria has both asymmetric terms of trade—it is a large oil exporter while its potential partners are oil importers—and most important, large fiscal imbalances. Secondly, a monetary union among all eastern or southern African countries seems infeasible at this stage, since a number of countries suffer from the effects of civil conflicts and drought and are far from achieving the macroeconomic stability of South Africa. Lastly, the plan by Kenya, Tanzania, and Uganda to create a common currency seems to be generally compatible with other initiatives that could contribute to greater regional solidarity. However, economic gains would likely favor Kenya, which, unlike the other two countries, has substantial exports to its neighbors, and this may constrain the political will needed to proceed. A more promising strategy for monetary integration would be to build on existing monetary unions—the CFA franc zone in western and central Africa and the Common Monetary Area in southern Africa. Masson and Pattillo argue that the goal of a creating a s

Download or read book Obstacles to Expanding Intra African Trade written by Roberto Longo and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book African Arab and Asian financial organizations written by Daniel Döring and published by GRIN Verlag. This book was released on 2008-07-02 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2007 in the subject Politics - General and Theories of International Politics, grade: 1,2, , language: English, abstract: African Financial Organizations - Africa is the second largest continent of the world. At the same time one could say that it is the least developed of all continents. Poor infrastructure and a difficult geographical situation in large parts of the continent (vast deserts, impenetrable primeval forests) complicate intra-African trade. Furthermore, Africa ́s cultural and ethnical diversity leads to language barriers and conflicts of interests, often resulting in civil wars. These are only some factors making the establishment of Africa-wide organizations really difficult. Therefore, we decided to concentrate on only one African sub-region, which is West Africa. In the following we will thus introduce some important West African financial organizations and afterwards present their most important cooperation project: the creation a West African Monetary Union similar to the Eurozone by the end of 2009. Arab Financial Organizations The Arab region includes 23 North African and Middle Eastern member states. Its population is roughly 325 million people. Most of its member states dispose of developed economies, whereas their main sources of income are derived from oil, gas and other raw material exports. Arab financial organizations mainly engage in two fields of action: the financial aid for Arab member states themselves on the one hand and development aid for non-Arabic African countries on the other hand. Therefore, we ́d like to present one organization for each field of action: First, the Arab Bank for Economic Development in Africa gives financial aid to less developed African areas which might be of economic interest regarding cooperation projects in the future. Second, the Arab Monetary Fund focuses on the development of Arab nations for example by correcting their balances of payments if necessary. Asian Financial Organizations: Asia is the largest and most populated continent in the world. After North America and Europe, the Asian GDP is the 3rd largest, its most accelerating economies being China, India and Japan. However, other Asian countries such as the Philippines, Pakistan or Vietnam for example recently also show very high economical growth rates. To further enforce steady growth within the Asian region, intra-Asian cooperation is very important, whereas financial organizations like the Asian Development Bank are playing a key role. In 2006, the ADB spent 7.5 billion US dollar on cooperation-oriented projects. Since 1990, an average of 5 billion US dollar has been spent annually. Furthermore, the organization consists of 67 member states. Therefore, we think the ADB is the most important organization in this area and like to present it in more detail.

Download or read book External Assistance and Policies for Growth in Africa written by Mrs.Claire Liuksila and published by International Monetary Fund. This book was released on 1995-12-15 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This booklet is a collection of papers presented at a seminar on policies for growth in Africa, held in Paris in February 1995 and sponsored by the Ministry of Finance of Japan. The seminar focused on four broad themes: how to enable the private sector to play a lead role in the growth process in Africa; how to boost domestic savings and help the financial sector to contribute to the mobilization and efficient us of resources; how to facilitate foreign aid and make it more effective; and, what are the essential elements of sound debt management practices?

Download or read book Is it beneficial for the African Union to introduce a Common Currency written by Katharina Osterholt and published by GRIN Verlag. This book was released on 2012-05-22 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Business economics - Investment and Finance, grade: B bzw. 1.7, BI Norwegian Business School, course: Development Studies; Trade, Aid and Microfinance, language: English, abstract: This paper deals with the question whether a common currency is beneficial for the African Union. In order to assess this question, potential problems will be analysed and highlighted. The topic of a common currency becomes important in terms of economic growth that can facilitate sustainable development. The African Monetary Union is an economic and monetary union. The plan to introduce a common currency is based on the Abuja Treaty that was signed on 3.6.1991 in Abuja, Nigeria. In this treaty it was decided to set up an African Economic Community, an African Central Bank and an African Economic Community with a single currency by around 2020 (Masson, Milkiewicz, 2003). Up to today most countries have not signed this proposal as some decided to form their own currency unions, some want to delay the starting date and some are already using currencies from other countries. The paper will start looking at the advantages and disadvantages of a common currency and putting it into context with sustainable development. Here it can be highlighted that a successful and stable common currency can foster economic growth and therefore result in higher sustainable development. Further on, the paper looks into the theories of an Optimum Currency Area, Economic shocks, Spillover effects, currency adjustments and development traps. In order to analyze these theories the analysis part is looking into these using inflation rate data, GNI per capita and trade pattern provided by the IMF, the World Bank and UNECA, while contrasting it with the difficulties due to the development traps.

Download or read book The Challenges of African Economic Integration written by Nigerian Economic Society. Conference and published by . This book was released on 1992 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Africa s Progress in Regional and Global Economic Integration Towards Transformative Regional Integration written by Achim Gutowski and published by LIT Verlag Münster. This book was released on 2016 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on Africa's deep routed structural problems, the key aspect of a transformative regional integration is how to promote structural transformation by adapted strategies and policies for the African regional economic communities, for the Continental Free Trade Area, and for the Tripartite Free Trade Area. Regional integration in Africa is based on a conventional (linear) model, starting with trade preference zones and moving to free trade areas, customs unions, and monetary and economic zones, with the ultimate goal to reach political unity. Specific problems of a more transformative regional integration agenda are discussed, such as: ?food security and agriculture; industry development, enterprise growth and competition; and economic partnership agreements with extra-regional partners. In the final section, the impact of three global value chains of importance for Africa (diamonds, shea butter, and sesame) are considered on regions, on sub-regions, and on regional integration. (Series: African Development Perspectives Yearbook, Vol. 18) [Subject: African Studies, Economics

Download or read book Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa written by Shailendra J. Anjaria and published by . This book was released on 1982 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: In late 1979, the African Center for Monetary Studies requested, on behalf of the Association of African Central Banks (AACB), that the Fund staff prepare a study describing the existing payments, exchange control, and exchange rate arrangements in the proposed 17-nation Preferential Trade Area (PTA) of Eastern and Southern African States, analyzing any payments obstacles to trade in the region, and recommending improvements in payments arrangements that would promote intraregional trade.