Monetary Convergence Across the Economic Community of West African States: Lessons for the Envisioned West African Monetary Union
نویسندگان
چکیده
Since its inauguration, the Economic Community of West African States has stressed desire to advance regional integration through establishment a common single currency (the Eco). This policy been considered advantageous given economic benefits derived from existence one oldest sub-regional monetary unions across French-speaking Economies. For this reason, Monetary Zone was created as suggested second zone consisting English-speaking countries in region anticipation that long run, two would converge. While empirical studies into feasibility achieving Africa have provided some understanding causal notions and possible effects, very few embrace complexity theory or attempt use complexity-related conceptual identification interpretation patterns produced longitudinal applications. Using both theoretical methods, paper provides unique application Dynamic Patterns Synthesis an exploratory tool for observing potential complexities proposed arrangement is likely pose. The findings highlight multiple conjunctural causation convergence unpredictability Zone. These observations suggest more time needed achieve established currency.
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ژورنال
عنوان ژورنال: Complexity, governance & networks
سال: 2022
ISSN: ['2214-2991', '2214-3009']
DOI: https://doi.org/10.20377/cgn-108