" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goa

In April 2000 six West African countries declared their intention to proceed to monetary union among the non-CFA franc countries of the region by January 2003,

Monetary union, currency unions, fixed exchange rate, monetary stability.

We develop a multicountry model in which governments aim at excessive spending in order to serve the narrow interests of the group in power. This puts pressure

In recent years, there has been a notable increase in the efforts to establish a monetary union within the Economic Community of West African States (ECOWAS). I