Download or read book Towards Monetary Co operation in West Africa written by S. Tomori and published by . This book was released on 1990 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Africa and International Monetary Co operation written by G. O. Nwankwo and published by . This book was released on 2001 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Currency Convertibility in the Economic Community of West African States written by Mr.Saleh M. Nsouli and published by International Monetary Fund. This book was released on 1982-08-16 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) is to expand intra-Community trade. This objective is to be achieved partly through the elimination of quantitive and other restrictions on trade.

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 376 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 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 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 Regionalism and Cooperation in West Africa written by Florian Bankoley and published by GRIN Verlag. This book was released on 2010-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Economic Policy, grade: A, ESCP Europe, language: English, abstract: Development in Africa has been an issue for many years now. Since the independence of most of the states in the 1960's, the western countries have tried to help the so- called third world countries to develop their economies and thus to lift their population out of poverty. The efforts were conducted through direct intervention or through the non-governmental organisation like the IMF or the UN. Despite decades of commitment and billion dollar efforts, most of Africa remains in a poor status with nearly half of its population living on less than one dollar per day. Since its independence regional frameworks have existed but only obtained little attention from international as well as from national side. But with the failure of most programmes and the ever growing stronger trend to regional trade agreements throughout the whole world, the frameworks in Africa have moved in the centre of attention. International organisations promote the further integration of these; national governments put the frameworks on the top of their agendas. The aim of this project is to show the possible influence of regional cooperation frameworks in the development process of the countries in the West-African region. The analysis was focused on two existent regional frameworks, the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU). During the analysis, the nature of the ECOWAS and the WAEMU is to be identified as well as possible differences in their approach of the regional development. The question that will be asked are how the influence of the unions exactly looks like, which effects this has on the members, how the unions evolved over the time and how they plan to develop in the future.

Download or read book Linking the South written by Bernard T. G. Chidzero and published by . This book was released on 1986 with total page 374 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 50 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 The Quest for Regional Integration in the East African Community written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2015-01-12 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.

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 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 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 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 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 Africa s Development Dynamics 2021 Digital Transformation for Quality Jobs written by African Union Commission and published by OECD Publishing. This book was released on 2021-01-19 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

Download or read book West African Economic Co operation written by Bank of Sierra Leone and published by . This book was released on 1972 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research pamphlet on economic development problems in the context of economic integration in West Africa - includes references and statistical tables.