Download or read book The Politics of Monetary Sector Cooperation Among the Economic Community of West African State Members written by Chibuike U. Uche 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 The Politics of Monetary Sector Cooperation Among the Economic Community of West African States Members written by Chibuike U. Uche and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meaningful regional integration among West African states is critical if the Economic Community of West African States (ECOWAS) is ever going to be be able to tackle civil wars, economic crises, and natural disasters in the region. France's support is essential for the development of a meaningful ECOWAS. Francophone West African countries face a choice betwwen closer ties with France, which has provided development aid, ensured currency convertibility, and guaranteed monetary stability in these francophone countries -- and closer ties with Nigeria [which has done none of the above for itself, much less for its neighbors, and has a different agenda from France].
Download or read book A Handbook on the Ecowas Treaty and Financial Institutions written by Maiyaki and published by AuthorHouse. This book was released on 2012-09-14 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inspiration to write on the ECOWAS Treaty and the role of financial institutions derived from the apparent and unabated efforts of the various governments in the West African subregion to find solutions to the inexplicable sufferings and underdevelopment of the region and its people in the face of abundant but untapped human and natural resources. The strategy of integration has been employed by other jurisdictions, some of them more developed, as an option in addressing the forgoing challenges. So many years after the establishment of ECOWAS, the dream is far from being attained. Given the critical financial engagements inherent in the ECOWAS integration strategy, it is considered desirable that the treaty is rationalized to accommodate a wider role for financial institutions within the control of a supra national framework.
Download or read book Nation States and the Challenges of Regional Integration in West Africa The Case of Nigeria written by and published by KARTHALA Editions. This book was released on 2010-02-01 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since their independance, Africa states West in particular have felt a need for regional integration in order to solve their development problems. Various aspects of Nigeria's experience in regional integration are there examined. These include the advocacy of chambers of commerce for common currencies among members of the West African Monetary Zone, security implications of defense pacts between some francophone member countries and France, and grassroots participation to solve problems concerning borders and borderlands. Finally, facilitators and obstacles of regional integration are examined.
Download or read book Regional Integration and Cooperation in West Africa written by Réal P. Lavergne and published by Africa Research and Publications. This book was released on 1997 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a collection of papers that examine the failure of regional integration and co-operation to date in west Africa and that explore some of the options for the revitalization of such initiatives. The papers are arranged in three categories: strategic visions and prospects for regional integration and co-operation; economic perspectives; and political dimensions. Specific topics include the role of the Economic Community of West African States; theoretical models and approaches to regional integration; the role of community building in regional integration; partnerships for innovation; national policies as impediments to economic integration; parallel trade as a form of economic subversion; lessons from the West African Monetary Union; human rights and integration; the regional dimension of environmental management; and power sharing at the regional level.
Download or read book The Institutional Transformation of the Economic Community of West African States written by Kofi Oteng Kufuor and published by Routledge. This book was released on 2017-03-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines regional economic integration in West Africa within the context of the institutional evolution of the Economic Community of West African States (ECOWAS). It uses the tools of the New Institutional Economics School (NIE) to explore the origins and development of the most recent ECOWAS Treaty. Particular attention is given to the interface between domestic legal arrangements and the success of open markets at the regional and international levels.
Download or read book West African Economic and Monetary Union written by Patrick A. Imam and published by International Monetary Fund. This book was released on 2013-10-22 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.
Download or read book Regional Integration in West Africa written by Eswar Prasad and published by Brookings Institution Press. This book was released on 2021-07-13 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: " 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 tomeet 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, andthe ramifications for the African continent. "
Download or read book Nation states and the Challenges of Regional Integration in West Africa written by Yomi Akinyeye and published by KARTHALA Editions. This book was released on 2010 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since their independance, Africa states West in particular have felt a need for regional integration in order to solve their development problems. Various aspects of Nigeria's experience in regional integration are there examined. These include the advocacy of chambers of commerce for common currencies among members of the West African Monetary Zone, security implications of defense pacts between some francophone member countries and France, and grassroots participation to solve problems concerning borders and borderlands. Finally, facilitators and obstacles of regional integration are examined.
Download or read book Economic Integration in the Maghreb written by Mr.Alexei P Kireyev and published by International Monetary Fund. This book was released on 2019-02-13 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.
Download or read book The African Continental Free Trade Area Agreement written by Kofi Oteng Kufuor and published by Taylor & Francis. This book was released on 2024-02-06 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2018, the members of the African Union adopted the African Continental Free Trade Area Agreement (AfCFTA). This book examines the AfCFTA, dissecting its key provisions. It stresses the importance of the AfCFTA in the context of increasing episodes of trade protection in Africa, and it theorizes on the role of the treaty organs. The book also examines the importance of citizen participation for the success of the AfCFTA, as well as exploring the role sub-state actors can play. Ultimately, the study adds to the understanding of the array of problems that are associated with regional trade in Africa and the role law plays in resolving these problems. It will be of importance to academics and students of international law, especially those with an interest in African trade law, as well as legal professionals and policymakers.
Download or read book Financial Regulation in Africa written by Iwa Salami and published by Routledge. This book was released on 2016-04-15 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the global financial crisis, there has been a worldwide search for alternative investment opportunities, away from advanced markets. The African continent is now one of the fastest-growing economic regions in the world and represents a viable destination for foreign direct and portfolio investment. This book, which is the first comprehensive analysis of financial integration and regulation in Africa, fills a huge gap in the literature on financial regulation and would constitute an invaluable source of information to policy makers, investors, researchers and students of financial regulation from an emerging and frontier markets perspective. It considers how financial integration can facilitate African financial markets to achieve their full potential and provides a comparative study with the EU framework for financial integration and regulation. It assesses the implementation of effective and regional domestic infrastructures and how these can be adapted to suit the African context. The book also provides an assessment of government policies towards the integration of financial regulation in keeping with the regional agenda of the African Union (AU) and the African Economic Community (AEC).
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 Tax Coordination Tax Competition and Revenue Mobilization in the West African Economic and Monetary Union written by Mario Mansour and published by International Monetary Fund. This book was released on 2013-07-09 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.
Download or read book Regional Financial Cooperation written by José Antonio Ocampo and published by Brookings Institution Press. This book was released on 2006 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Assesses how regional financial institutions can help developing countries, often at a disadvantage within the global financial framework, finance their investment needs, counteract the volatility of private capital flows, and make their voices heard"--Provided by publisher.
Download or read book Monetary Union in West Africa ECOWAS written by International Monetary Fund and published by . This book was released on 2000 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary union, currency unions, fixed exchange rate, monetary stability.
Download or read book West African Worlds written by Reginald Cline-Cole and published by Routledge. This book was released on 2016-02-17 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: West African Worlds provides a critical assessment of social, economic and political change in Africa’s most populous and arguably most externally focused region. With an emphasis on globalisation and modernisation, case studies and commentary are integrated throughout to highlight the concerns and issues of the region. Enriched by an impressive mix of West African voices, this text combines theory and application with policy and practice to address socio-economic change, the pursuit of livelihoods, and development within West Africa.
