On the Pattern of Currency Blocs in Africa

On the Pattern of Currency Blocs in Africa
This paper seeks to elucidate the debate over currency union in Africa. The paper examines whether empirical investigation points to the gradual emergence of currency blocs. Based on the historical data on inflation, trade, and the comovements of prices and outputs, I argue that the emergence of large-scale currency blocs in Africa will follow a... READ MORE...

Publication date: March 2005
ISBN 9781451860641
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