English, Article, Journal or magazine article edition: On the Adequacy of Monetary Arrangements in Sub-Saharian Africa Agnes Benassy-Quere; Maylis Coupet

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Bookmark: http://trove.nla.gov.au/version/159178
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Adequacy of Monetary Arrangements in Sub-Saharian Africa
Author
  • Agnes Benassy-Quere
  • Maylis Coupet
Physical Description
  • preprint
Notes
  • We examine the economic rationale for monetary union(s) in Sub-Saharian Africa through the use of cluster analysis on a sample of 17 countries. The variables used stem from the theory of optimum currency areas and from the fear-of-floating literature. It is found that the existing CFA franc zone cannot be viewed as an optimum currency area: CEMAC and UEMOA countries do not belong to the same clusters, and a "core" of the UEMOA can be defined on economic grounds.
  • Monetary unions; CFA franc zone; West African Monetary Union; ECOWAS; optimum currency areas; cluster analysis
  • RePEc:cii:cepidt:2003-11
Language
  • English
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