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Regional Integration in West Africa: Is There a Role for a Single Currency? by [Eswar Prasad, Vera Songwe]

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Regional Integration in West Africa: Is There a Role for a Single Currency? Kindle Edition

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Review

“This highly readable book illuminates Africa’s currency question and its contribution to trade and development. The conclusions are convincing and could open a discussion on aspects of currency management in West Africa that have been taken for granted by policymakers over the past 70 years.”
—Kofi Adjepong-Boateng, research associate, University of Cambridge Centre for Financial History



“Currency unions are as much political projects as economic ones, and the ECOWAS proposal is no exception. As Prasad and Songwe lay out in this valuable book, successfully establishing and maintaining a single currency requires convergence and coordination across a broad range of economic policies, a challenge made harder by the divergence in size and structure of the ECOWAS economies. The lessons they draw should be of interest to policymakers and students alike.”
—Masood Ahmed, president, Center for Global Development



“The two eminently qualified authors conclude that, while West African states do not currently fulfill the prerequisites for a currency union, a single currency could still help in attaining the region’s full potential if leaders can find the resolve to implement necessary reforms.”
—Jeffrey Frankel, Harpel Professor of Capital Formation and Growth, Kennedy School, Harvard University

--This text refers to the paperback edition.

About the Author

Eswar Prasad is the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He holds the New Century Chair in International Economics at the Brookings Institution and is a research associate at the National Bureau of Economic Research. Vera Songwe is executive secretary of the UN Economic Commission for Africa. Previously she was regional director of the International Finance Corporation, covering West and Central Africa, and was a country director at the World Bank.

--This text refers to the paperback edition.

Product details

  • ASIN ‏ : ‎ B088PXN17P
  • Publisher ‏ : ‎ Brookings Institution Press (July 13 2021)
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 32197 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 201 pages
  • Customer Reviews:
    5.0 out of 5 stars 1 rating

About the author

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Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund’s Research Department and, before that, was the head of the IMF’s China Division.

Prasad has testified before various U.S. Congressional committees, including the Senate Finance Committee and House Committee on Financial Services. He was a member of the analytical team that drafted the 2008 report of the High-Level Committee on Financial Sector Reforms set up by the Government of India. He serves on an Advisory Committee to India’s Finance Minister and is the Lead Academic for the DFID-LSE International Growth Center’s India Growth Research Program. He is the creator of the Brookings-Financial Times index of world economic activity (TIGER: Tracking Indices for the Global Economic Recovery; www.ft.com/tiger). His op-ed articles have appeared in the Financial Times, Harvard Business Review, International Herald Tribune, New York Times, Wall Street Journal, Washington Post, and numerous other newspapers.

Eswar Prasad’s previous book, Emerging Markets: Resilience and Growth Amid Global Turmoil (with M. Ayhan Kose; Brookings Institution Press), was published in December 2010. His extensive publication record includes articles in top academic journals as well as numerous collected volumes. He has co-authored and edited numerous books and monographs, including on financial regulation and on China and India. His research interests include the macroeconomics of financial globalization; financial regulation, monetary policy frameworks and exchange rate policies in emerging markets; and the Chinese and Indian economies.

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