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Tuesday, July 14, 2020 | History

2 edition of Will the euro trigger more monetary unions in Africa? found in the catalog.

Will the euro trigger more monetary unions in Africa?

Patrick Honohan

Will the euro trigger more monetary unions in Africa?

by Patrick Honohan

  • 327 Want to read
  • 11 Currently reading

Published by UNU World Institute for Development Economics Research in Helsinki .
Written in English

    Subjects:
  • Economic and Monetary Union.,
  • Monetary unions -- Europe,
  • Monetary unions -- Africa, Sub-Saharan.,
  • Finance -- Africa, Sub-Saharan,
  • Euro.

  • Edition Notes

    StatementPatrick Honohan and Philip R. Lane.
    SeriesWorking papers / World Institute for Development Economics Research -- no. 176, WIDER working papers -- WP 176.
    ContributionsLane, Philip R., 1969-, World Institute for Development Economics Research.
    The Physical Object
    Paginationvi, 31 p. ;
    Number of Pages31
    ID Numbers
    Open LibraryOL19191142M

    12 Will the Euro Trigger More Monetary Unions in Africa? 13 Will the Emergence of the Euro Affect World Commodity Prices? 14 The Impact of EMU on European Transition Economies: Commitment, Institutional Capacity, and the Monetary-Fiscal Mix; Part IV Conclusions. 15 A Critical View and the Research Agenda; END MATTER; Index. Analysis - Fiscal and external adjustment without a deep recession is possible in monetary unions, if we are willing to think outside of the box. Adjustment is not necessarily only a fiscal issue.

    Is the euro becoming a world currency? The Impact of EMU on Europe and the Developing Countries - Charles Wyplosz - Oxford University Press This volume presents a significant sample of that research and explores questions such as: How do central bankers who used to . The East African Monetary Union (EAMU) has all the makings that it will be patterned on the Euro monetary union by when it will be introduced.

      The eurozone crisis has broader impacts than just for countries of Europe. There are quite a few implications for Africa since closer economic integration in the . Honohan, P. and Lane, P. R. (), ‘Will the euro trigger more monetary unions in Africa?’, World Bank Policy Research Working Paper, no. Google Scholar. Masson, P. (), ‘Currency unions in Africa: is the trade effect substantial enough to justify their Buy this book on publisher's site; Personalised recommendations. Cite.


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Will the euro trigger more monetary unions in Africa? by Patrick Honohan Download PDF EPUB FB2

Get this from a library. Will the Euro trigger more monetary unions in Africa?. [Patrick Honohan; Will the euro trigger more monetary unions in Africa? book R Lane; World Bank.

Development Research Group. Finance.] -- 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.

Will the Euro trigger more monetary unions in Africa. (English) 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 Cited by: 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. The African Monetary Union (AMU) is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central a union would call for the creation of a new unified currency, similar to the euro; the hypothetical currency is sometimes referred to as the afro or afriq.

The Abuja Treaty, an international agreement signed on June. Monetary integration and theory of optimum currency areas in Africa / by Samuel C. Nana-Sinkam; Will the Euro trigger more monetary unions in Africa.

/ Patrick Honohan, Philip R. Lane; Will the Euro trigger more monetary unions in Africa. / Patrick Honohan and Philip R. Lane. Using estimates that currency unions double trade, we quantify the welfare effects of forming currency unions for the African regional economic communities and for the African Union as a whole.

The potential increase in trade is shown to be small, and much less than that resulting from the adoption of the euro.

A monetary union (also known as currency union) is an exchange rate regime where two or more countries use the same currency. However, in some special cases there may also be a monetary union even if there is more than a single currency, if the currencies have a fixed exchange rate with each other.

In that case, total and irreversible convertibility of the currencies of those countries is. 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, P. & Lane, P.R., "Will the Euro Trigger More Monetary Unions in Africa. Introduction. On Apin Accra, Ghana, the leaders of six West African countries 1 declared their intention to proceed to monetary union among the non-CFA 2 franc countries of the region by Januaryas a first step toward a wider monetary union including all the ECOWAS 3 countries in The six countries committed themselves to reducing central bank financing of budget.

On January 1m people in 12 countries will move over to the euro. Sally Bolton takes a look at some previous attempts at monetary union.The most dramatic episode in the history of monetary unions is of course EMU, in many ways a unique undertaking — a group of fully independent states, all partners in the European Union, that have voluntarily agreed to replace existing national currencies with one newly created money, the euro.More than 5, No data projects to create monetary unions.

Monetary unions, groupings of countries sharing a common currency and which are in short supply in Africa. In this book we focus.