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Single Currency in the ECOWAS Region: Does it Make Sense?

African Journal of Economic Policy

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Title Single Currency in the ECOWAS Region: Does it Make Sense?
 
Creator Banik, N
Yoonus, CA
 
Description This study investigated empirically the possibility of forming an Optimum Currency Area (OCA) among member countries of Economic Community of West African States (ECOWAS) region. Under OCA, member countries would share a common currency (like, the euro) while foregoing their autonomy with respect to their use of monetary policy instruments. We observed that the countries were good candidates for forming an OCA, given the existence of a long run relationship in their trend (permanent) output component. Hence, the plausibility for forming an OCA.
 
Publisher Department of Economics, University of Ibadan
 
Date 2014-01-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajep/article/view/99949
10.4314/ajep.v17i1.
 
Source African Journal of Economic Policy; Vol. 17 No. 1 (2010); 1-26
1116-4875
 
Language eng
 
Relation https://www.ajol.info/index.php/ajep/article/view/99949/89210