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

This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits

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,

Since the inception of the Economic Community of West African States (ECOWAS) in 1975, the founding members have aimed to introduce a single regional currency a

Africa is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower