Monetary and Financial Systems in Africa

This book provides an overview of the monetary and financial systems seen in Africa. The issues related to these systems are examined to help evaluate their effectiveness in fostering the development of African economies. Economic integration is extensively discussed to highlight variations between different parts of Africa and the specific challenges seen within certain regions. The impact of monetary unions, in particular the CFA franc zone, on economic activities is also explored. This book aims to outline how sustainable development can be achieved in Africa through well-developed financial and monetary institutions and policies. It will be relevant to students, academics and policy makers interested in African and development economics.

Contains case studies to highlight local economic challenges faced within Africa Explores how regional monetary unions could be transformed into an African Monetary Union Examines the colonial origins of economic structures and the issues this causes

Autorentext
Aloysius Ajab Amin is Professor of Economics at Clayton State University.

Regina Tawah is Associate Professor of Economics at Bowie State University.

Augustin Ntembe is Associate Professor of Economics at Bowie State University.

Inhalt
Part 1. Introduction.- Chapter 1. Introduction and Background: A historical perspective of the role of financial institutions in Africa's development.- Part 2. Country Monetary Policy Issues.- Chapter 2. Monetary Policy and Price Stability in Ghana's Fourth Republic: Have the Dues Been Paid?.- Chapter 3. Monetary Policy Impact on Macroeconomic Performance in Tanzania: Empirical Approach.- Chapter 4. Effects of Monetary Policy Transmission on Economic Growth in Sierra Leone.- Part 3. Regional Financial Sector Issues.- Chapter 5. The monetary union and Economic Integration: Challenges of the Creation of the West African Single Currency, ECO.- Chapter 6. The Political Economy of a Monetary Union in ECOWAS: The Case of the ECO Currency.- Chapter 7. The Effects of Minimum Bank Capital and Governance on the Financing of the EmCCA Economies.- Chapter 8. Facts and Prospects of Monetary Union in East Africa.- Chapter 9. The Development Cost of Maintaining Price and Economic Stability in Central and West African CFA Franc Zone.- Chapter 10. Banking Development in West Africa.- Chapter 11. Capital Markets development and economic growth in North Africa.- Part 4. Continental Monetary Policy and the Financial Systems.- Chapter 12. Economic Performance across Monetary Unions in Africa.- Chapter 13. Capital Markets' Development: Are African Countries Lagging?.- Chapter 14. African Monetary Unions and Competitiveness.- Chapter 15. Financial Institutions versus Trade and Infrastructural Development in Africa.- Chapter 16. Prospect of Economic Unions on Intra-Regional Trade in Africa.- Chapter 17. A Single Currency for Africa: Challenges and Possibilities.- Part 5. Conclusion: The Way Forward.- Chapter 18. Conclusion: Currency Regimes and Monetary Integration in Africa, the Way Forward.<p