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Author: Mr.Alexei P Kireyev Publisher: International Monetary Fund ISBN: 1513511831 Category : Business & Economics Languages : en Pages : 404
Book Description
The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.
Author: Mr.Alexei P Kireyev Publisher: International Monetary Fund ISBN: 1513511831 Category : Business & Economics Languages : en Pages : 404
Book Description
The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.
Author: Emmanuel Balogun Publisher: Taylor & Francis ISBN: 0429791844 Category : Political Science Languages : en Pages : 149
Book Description
This book examines the role of the Economic Community of West African States (ECOWAS) practitioners in coordinating, creating, and managing regional governance practices in the areas of public health, peace and security, and microfinancial integration. Since 1975, there have been many failed and successful attempts at unconstitutional government changes in West Africa. During this same period, numerous instruments have been designed to promote peace and security in the region. This book examines the role of bureaucratic actors in the ECOWAS in harmonizing regional integration policy in West Africa. Using data from fieldwork in several countries in West Africa, Balogun observes how ECOWAS practitioners network and strategically engage regional stakeholders in health, peace and security, and finance as a means to deepen harmonization between ECOWAS Member States and build a connection with civil society. Balogun argues that the founding conditions of ECOWAS set the organization on an institutional path to adapt its approaches to regional governance. Region-Building in West Africa challenges the idea that self-interested leaders limit regional cooperation. The book also challenges the idea that the bureaucrats in the organization are glorified servants to their governments. Region-Building in West Africa instead focuses on the influence that bureaucrats have in shaping the international policy agenda of ECOWAS. This book will be useful to scholars, students, and practitioners in Africa and beyond who want to better understand the inner workings of African regional organizations, and the processes that drive cooperation across West Africa.
Author: Eswar Prasad Publisher: Brookings Institution Press ISBN: 0815738544 Category : Business & Economics Languages : en Pages : 203
Book Description
" 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. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. 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, andthe ramifications for the African continent. "
Author: Samuel Ojo Oloruntoba Publisher: Springer ISBN: 3319921800 Category : Political Science Languages : en Pages : 335
Book Description
This edited volume discusses the role of innovation and regional integration in economic development in Africa. Over the past five decades, post-colonial African countries have struggled to break loose from the trap of poverty and underdevelopment through the adoption of various development strategies at regional, national, and continental levels. However, the results of both national and regional efforts at advancing development on the continent have been mixed. Although the importance of agglomeration and fusion of institutions have long been recognized as possible path to achieving economic development in Africa, the approach to regionalism has been unduly focused on market integration, while neglecting other dimensions such as social policy, mobility of labor, educational policy, biotechnology, regional legislation, manufacturing, innovation, and science and technology. This volume investigates the link between innovation, regional integration, and development in Africa, arguing that the immediate and long term development of Africa lies not just in the structural transformation of its economies but in the advancement of scientific and innovation capacities. The book is divided into four parts. Part I addresses the theoretical and conceptual underpinnings of innovation and regional integration in Africa. Part II presents case studies which examine how regional economic institutions are fostering innovation in Africa. Part III of the book deals with sectoral issues on innovation and integrated development in Africa. Part IV sets the future research on innovation, regional integration, and development in Africa. Combining theoretical analysis and a comparative, interdisciplinary approach, this volume is appropriate for researchers and students interested in economic development, political economy, African studies, international relations, agricultural science, and geography, as well as policymakers in regional economic communities and the African Union.
Author: Patrick A. Imam Publisher: International Monetary Fund ISBN: 1484348222 Category : Business & Economics Languages : en Pages : 46
Book Description
The financial system in the WAEMU remains largely bank-based. The banking sector comprises 106 banks and 13 financial institutions, which together hold more than 90 percent of the financial system’s assets (about 54 percent of GDP at end-2011). Five banks account for 50 percent of banking assets. The ownership structure of the sector is changing fast, with the rapid rise of foreign-owned (pan-African) banks. This contributes to higher competition but also rising heterogeneity in the banking system, with large and profitable cross-country groups competing with often weaker country-based (and sometime government-owned) banks. Nonbank financial institutions are developing quickly, notably insurance companies, but remain overall small. This paper presents a detailed analysis of the banking system.
Author: African Union Commission Publisher: OECD Publishing ISBN: 926460653X Category : Languages : en Pages : 284
Book Description
Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.
Author: Olutayo, Akinpelu O. Publisher: CODESRIA ISBN: 2869786328 Category : Political Science Languages : en Pages : 148
Book Description
This book examines how the existence of overlapping regional institutions has presented a daunting challenge to the workings of various Regional Economic Communities (RECs) on the African continent. The majority of the African countries are members of overlapping and, sometimes, contradictory RECs. For instance, in East Africa, while Kenya and Uganda are both members of EAC and COMESA, Tanzania, which is also a member of the EAC, left COMESA in 2001 to join SADC. In West Africa, while all former French colonies belong to ECOWAS, they simultaneously keep membership of UEMOA, an organization which is not recognized by the African Union (AU). Such multiple and confusing memberships create unnecessary duplication and dims the light on what ought to be priority. Various chapters in this book have therefore sought to identify and proffer solutions to related challenges confronting the workings of the RECs in different sub-regions of the African continent. The discourses range from security to the stock exchange, identity integration, development framework, labour movement and cross-border relations. The pattern adopted in the book involves devolution of related discussions from the general to the specific; that is, from the continental level to sub-regional case studies.
Author: Alexandre Marc Publisher: World Bank Publications ISBN: 1464804656 Category : Social Science Languages : en Pages : 215
Book Description
Since independence, the West African sub-region has been an arena for a number of large-scale conflicts and civil wars, as well as simmering and low-intensity uprisings. Contrary to perceptions, West Africa in its post-independence history has experienced fewer conflict events and fatalities from conflict than the other sub-regions on the continent. The turn of the millennium has witnessed the recession of large-scale and conventional conflict, and it has ushered in new and emerging threats. The specters of religious extremism, maritime piracy, and narcotics trafficking threaten to undermine some of the progress achieved in recent years. The Challenge of Stability and Security in West Africa critically examines the key drivers of conflict and violence, and the way in which they impact the countries of the sub-region. In addition to emerging threats, these drivers include the challenges of youth inclusion, migration, sub-regional imbalances, and extractives, as well as challenges related to the fragility of political institutions and managing the competition for power, reform of the security sector, and weakness of institutions related to land management. The book explores how the sub-region, under the auspices of the regional organization ECOWAS, has become a pioneer on the continent in terms of addressing regional challenges. The Challenge of Stability and Security in West Africa also identifies key lessons in the dynamics of resilience in the face of political violence and civil war drawn from CÃ ́te d'Ivoire, Liberia, and Sierra Leone, that can be useful for countries around the world in similar situations. It incorporates knowledge and findings from leading experts and provides insights from academics and development practitioners. Finally, the book identifies possible policy and programmatic responses and directions for policy dialogue at the national and international levels.
Author: International Monetary Fund. African Dept. Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 56
Book Description
West African Economic and Monetary Union: Selected Issues
Author: Mr.Alexei P Kireyev
Author: Mr.Alexei P Kireyev
Author: Emmanuel Balogun
Author: Eswar Prasad
Author: Samuel Ojo Oloruntoba
Author: Patrick A. Imam
Author: African Union Commission
Author: Aleksej P. Kireev
Author: Olutayo, Akinpelu O.
Author: Alexandre Marc
Author: International Monetary Fund. African Dept.