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portada On the Nominal Convergence Criteria for Proposed ECOWAS Currency Union
Type
Physical Book
Author
Publisher
Language
English
Pages
52
Format
Paperback
Dimensions
22.9x15.2x0.3 cm
Weight
0.09 kg.
ISBN13
9786200613363
Categories

On the Nominal Convergence Criteria for Proposed ECOWAS Currency Union

Stanley Abban (Author) · Globeedit · Paperback

On the Nominal Convergence Criteria for Proposed ECOWAS Currency Union - Abban, Stanley

New Book Imported to New Zealand
Delivery: 02 Dec - 09 Dec Shipping: 13 to 14 business days.
NZ$ 93.31
Import costs and 15% GST included in the price ✅
NZ$ 93.31

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Synopsis "On the Nominal Convergence Criteria for Proposed ECOWAS Currency Union"

The ECOWAS in a quest to form a currency union prompted the set out nominal convergence criteria for member states. The study seeks to delineate the importance of the nominal convergence criteria to ensure price and exchange rate stability. In this context, the revised ECOWAS convergence criteria were elaborated to unveil the degree of convergence. Also, the study computed for the realistic nominal convergence targets supposing the union is formed and suggested ex-ante steps to fast track convergence. Additionally, the study showed the exigency for trade and institutional convergence through policy coordination. The study concludes that countries should commit to attaining the convergence criteria in the shortest possible time to aid in the realization of the policy. The study recommends that relatively exposing the large informal sector, ensuring political ramification, and encouraging savings is key to achieving the nominal convergence criteria.

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