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Regional Integration in West Africa: Is There a Role for a Single Currency? by Eswar Prasad

Regional Integration in West Africa: Is There a Role for a Single Currency?

by Eswar Prasad , Vera Songwe
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Book cover type: Paperback
  • ISBN13: 9780815738534
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Brookings Institution Press
  • Publisher Imprint: Brookings Institution Press
  • Publication Date:
  • Pages: 204
  • Original Price: GBP 31.99
  • Language: English
  • Edition: N/A
  • Item Weight: 295 grams
  • BISAC Subject(s): Money & Monetary Policy

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.

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, and the ramifications for the African continent.

Eswar Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He holds the New Century Chair in International Economics at the Brookings Institution and is a research associate at the National Bureau of Economic Research. Vera Songwe is executive secretary of the UN Economic Commission for Africa. Previously she was regional director of the International Finance Corporation, covering West and Central Africa, and was a country director at the World Bank.

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