Category

share

Currency Union for West Africa

Currency Union for West Africa

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 
₹ 5,066

Availability: Out of stock

 

Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
 

This text analyses the benefits and costs of currency unions, focusing on the West African Monetary Zone (WAMZ). Openness, co-movement, and labor mobility are explored for each country using econometric techniques to determine the optimum currency area (OCA) criteria. Analysis of the data reveals that none of the countries under consideration satisfies all of the convergence and OCA criteria. The study also relies on the gravity model to measure the effect of currency union on trade, income, and welfare. The principal findings are that WAMZ will increase trade, income, and welfare. The cost of WAMZ is examined using real exchange rate misalignment. The results reveal that misalignment has increased substantially across the zone. The study concludes that, despite the obvious benefits of the monetary union, these countries face significant challenges before the zone can become a full-fledged monetary union. To increase the effectiveness of WAMZ, each country must demonstrate the political will to implement serious reforms to improve economic fundamentals.

Product Specifications
SKU :COC70241
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08
0 Review(s)