Series: IMF Working Papers
Author(s): Etienne Yehoue
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: Anchor, Currency Bloc, Comovement of Prices and Output, Trade Network Externalities, monetary union, inflation, average trade, trade share, monetary integration, International Monetary Arrangements and Institutions
This paper seeks to elucidate the debate over currency union in Africa. The paper examines whether empirical investigation points to the gradual emergence of currency blocs. Based on the historical data on inflatio...