Front Matter

Author(s):
Sena Eken, John Laker, and Shailendra Anjaria
Published Date:
July 1982
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    International Standard Serial Number: ISSN 0251-6365

    Price: US$5.00

    (US$3.00 to university faculty members, libraries, and students)

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    External Relations Department, Attention Publications

    International Monetary Fund, Washington, D.C. 20431

    Contents

    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1978–80 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1979/80) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to roundings.

    Prefatory Note

    This study was prepared in the Exchange and Trade Relations Department of the International Monetary Fund. Its authors are Shailendra J. Anjaria, Chief of the Trade and Payments Division; Sena Eken, economist in the Trade and Payments Division when this paper was prepared and currently economist in the Consultation Practices Division; and John F. Laker, economist in the South Central African Division of the African Department when this paper was prepared and currently Senior Economist, International Department, at the Reserve Bank of Australia. The authors are indebted to a number of colleagues in the Fund and to many officials in member countries involved in the regional integration efforts that are the subject of this report for their willingness to exchange views and provide information. They are especially grateful to Dr. A.B. Taylor, Director of the African Center for Monetary Studies in Dakar, and his staff, without whose extensive assistance and cooperation the study could not have been completed. Although the report that forms the basis of this study was completed in August 1980, some of the information contained in it has been subsequently updated. The Association of African Central Banks and the African Center for Monetary Studies are not responsible for the contents of this study. The authors alone are responsible for them; any opinions expressed are theirs and do not necessarily represent the views of the Fund.

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