African monetary unions, dominated by the North? The CFA-Zone and the CMA: on the relevance of rational economic reasoning under African conditions
Abstract: Monetary coordination is high on the agenda of different regional organizations in Africa. Economic benefits of a common currency, like lower transaction cost, increased macroeconomic stability, or the shielding of central banks against political pressure from nationalist elites and their inclination for excessive spending are undoubtedly expected. But the most important underlying aim of monetary integration in Africa is derived from its history, particularly the legacy of the slave trade and colonialism, and the subsequent strive for pan-African ideals, which has become manifest in the promotion of African unity in a crisis prone continent. However, whether it is feasible to achieve this ambitious political aim with economic means of regional economic and monetary cooperation, is open to question. Experts and the international donor community periodically caution about diverting attention from the most pressing needs of African countries by pursuing over-ambitious monetary polici
- Alternative title
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Afrikanische Währungsunionen, dominiert vom Norden? CFA-Zone und die CMA: zur Relevanz ökonomischer Rationalität unter afrikanischen Bedingungen
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
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Online-Ressource, 177-187 S.
- Language
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Englisch
- Notes
-
Postprint
begutachtet (peer reviewed)
In: Fritz, Barbara (Hg.), Metzger, Martina (Hg.): New issues in regional monetary coordination: understanding North-South and South-South arrangements. 2005. S. 177-187. ISBN 978-0-230-50244-4
- Classification
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Wirtschaft
- Event
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Veröffentlichung
- (where)
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Basingstoke
- (who)
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Palgrave Macmillan
- (when)
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2005
- Creator
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Kohnert, Dirk
- Contributor
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Fritz, Barbara
Metzger, Martina
- URN
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urn:nbn:de:0168-ssoar-55976-0
- Rights
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Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
-
22.03.2025, 4:16 AM CET
Data provider
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Kohnert, Dirk
- Fritz, Barbara
- Metzger, Martina
- Palgrave Macmillan
Time of origin
- 2005
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