Monetary and Financial Integration in West Africa by Temitope W OshikoyaMonetary and Financial Integration in West Africa by Temitope W Oshikoya

Monetary and Financial Integration in West Africa

EditorTemitope W Oshikoya

Hardcover | August 31, 2010

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Monetary and Financial Integrationin West Africa details the progress, challenges faced, and potential of the project intended to create a West African Monetary Zone (WAMZ) between Gambia, Ghana, Guinea, Nigeria and Sierra Leone. Given the trend towards regionalization of economic ties across the world, especially after the successful launch of the euro, a detailed analysis of the WAMZ is needed. As this is the first book on monetary and financial integration in Gambia, Ghana, Guinea, Nigeria and Sierra Leone, it is an essential read for anyone interested in economic development in West Africa, and indeed in Africa as a whole.

This book is extremely well-researched, with detail on virtually all aspects of economic integration in the region; with issues ranging from the institutional details of integration, trade and financial market integration, to progress on convergence of macroeconomic fundamentals to the required payments system infrastructure. The book deploys solid empirical facts and sophisticated analyses to thoroughly defend its assertions. This collection is a valuable contribution and an excellent companion book for monetary economics or international economics classes as well as African development literature. It will provide students and researchers with an exciting chance to apply concepts of, for example, optimum currency areas, central bank structure or monetary policy approaches, to a real-world case of potential monetary union.

Dr. Temitope W. Oshikoya and his collaborators have written the authoritative book on the subject of monetary union in the West African Monetary Zone. As is evident in the level of detail of the book, Dr. Oshikoya brings rich field experience from his role as Director General and CEO of the West African Monetary Institute. This book will be of interest to postgraduates and researchers in development economics; as well as policymakers, monetary authorities and development practitioners.

Temitope W. Oshikoyais the Director General and Chief Executive Officer of West African Monetary Institute (WAMI), Ghana.
Title:Monetary and Financial Integration in West AfricaFormat:HardcoverDimensions:288 pages, 9.21 × 6.14 × 0.98 inPublished:August 31, 2010Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415580080

ISBN - 13:9780415580083


Table of Contents

1. IntroductionTemitope W. OshikoyaPart 1: Economic Integration2. The political contextTemitope W. Oshikoya, John H. Tei Kitcher and Emmanuel Ukeje 3. Analytical frameworkTemitope.W. Oshikoya, Emmanuel Onwioduokit, and Abu Bakarr Tarawalie4. Characteristics and structural convergence of the WAMZ economiesTemitope W. Oshikoya, Emmanuel Onwioduokit, Abu Bakarr Tarawalie and Rohey Khan5. Nominal macroeconomic convergenceEmmanuel Onwioduokit, lamin Jarju, Tidiane Syllah, Jibrin Yakubu and Hilton Jarrett6. Fiscal sustainability in the WAMZTemitope W. Oshikoya, Emmanuel Onwioduokit, Abu Bakarr Tarawalie and Rohey KhanPart 2: Market Integration in the WAMZ7. Trade integration and a common marketTemitope W. Oshikoya, Lanto Harding and Cyprian K. Eboh8. Financial integrationTemitope.W. Oshikoya, Abdoulaye Barry and Emmanuel Adamgbe9. Payments system infrastructureChris Odiaka,Twum Ohene-Obeng Tajudeen NasiruPart 3: Operational and Institutional Framework10. Monetary policy framework and statistical harmonizationEmmanuel Ukeje, Momodu Sissoho and Mohamed Conte11. Legal and institutional frameworkHussein Thomasi, Adeniyi Karunwi, Linda Omolehinwa and Gladys Kufuor 12. A comparative analysisTemitope W. Oshikoya, John H. Tei Kitcher and Emmanuel Onwioduokit

Editorial Reviews

"This book is a valuable resource for researchers on economic integration in developing economies generally, as well as for central bankers and governments interested in pursuing such integration."

Jagdish Handa, McGill University