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Currency Convertibility in the Economic Community of West African States

Currency Convertibility in the Economic Community of West African States »

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

DOI: http://dx.doi.org/10.5089/9781557750594.084

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) is to expand intra-Community trade. This objective is to be ac...

V Payments Arrangements for Intraregional Trade

V Payments Arrangements for Intraregional Trade »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

There are three principal modes of settlement of intraregional trade in the Community. The first involves essentially a clearing at the commercial banking level only, though foreign exchange must usually be...

VI Currency Convertibility, Monetary Integration, and Intraregional Trade: Views in Member Countries of the Community

VI Currency Convertibility, Monetary Integration, and Intraregional Trade: Views in Member Countries of the Community »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

A primary objective of the Fund’s mission to selected member countries of the Community and the related Fund questionnaire forwarded to all countries in the Community was to elicit views on the prospects for...

VII Summary and Conclusions

VII Summary and Conclusions »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

1. This study has addressed itself to issues relating to the inconvertibility of the majority of the currencies of the countries belonging to the Economic Community of West African States. The absence of cur...

Appendix Exchange and Trade Arrangements in the Community

Appendix Exchange and Trade Arrangements in the Community »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

Exchange Rate Arrangements The exchange arrangements maintained by member countries of the Economic Community of West African States (ECOWAS) as of December 31, 1980 are shown in Tab...

I Introduction

I Introduction »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) 1 is to expand intra-Commun...

II Concepts of Convertibility and Stages of Monetary Integration

II Concepts of Convertibility and Stages of Monetary Integration »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

This chapter considers concepts of convertibility and the meaning of convertibility under different exchange arrangements. It also reviews the benefits and costs of various stages of monetary integration....

III Institutional Arrangements in the Member Countries of the Community

III Institutional Arrangements in the Member Countries of the Community »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

Basic Data and Economic Policy Environment The scope for economic integration, and the optimal path toward it, are determined to an important extent by the relative size of the econo...

IV Trade Patterns in the Community

IV Trade Patterns in the Community »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

Direction of Intraregional Recorded Trade Table 7 shows that the level of exports and imports and the relative importance of the member countries of the Community in...

Back Matter

Back Matter »

Source: Currency Convertibility in the Economic Community of West African States

Series: Occasional Papers

Author(s): Saleh Nsouli , John McLenaghan , and Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 1982

ISBN: 9781557750594

Keywords: monetary union, clearing house, foreign exchange, exchange restrictions, exchange rate

One of the principal aims of the effort to integrate the economies of the 16 member countries of the Economic Community of West African States (ECOWAS) is to expand intra-Community trade. This objective is to be ac...