Monetary and Financial Systems in Africa: Integration and Economic Performance

ISBN-13: 9783030962241 / Angielski / Twarda / 2022

Amin, Aloysius Ajab

Opis

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.

Spis treści

Part 1. Introduction

Chapter 1. Introduction and Background: A historical perspective of the role of financial institutions in Africa’s development.

- Aloysius Ajab Amin, Regina Nsang Tawah, and Augustin Ntembe

Part 2. Country Monetary Policy Issues

Chapter 2. Monetary Policy and Price Stability in Ghana's Fourth Republic: Have the Dues Been Paid?.

- Abdul-Aziz Iddrisu and Imhotep Paul Alagidede

Chapter 3. Monetary Policy Impact on Macroeconomic Performance in Tanzania: Empirical Approach.

- Jehovaness Aikaeli

Chapter 4. Effects of Monetary Policy Transmission on Economic Growth in Sierra Leone.

 - Elkanah Faux

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.

- Mohamed Ben Omar Ndiaye

Chapter 6. The Political Economy of a Monetary Union in ECOWAS: The Case of the ECO Currency.

- Rachael Ntongho

Chapter 7. The Effects of Minimum Bank Capital and Governance on the Financing of the EmCCA Economies 

- Issidor Noumba and André Arnaud Enguene

Chapter 8. Facts and Prospects of Monetary Union in East Africa.

- John Sseruyange

Chapter 9. The Development Cost of Maintaining Price and Economic Stability in Central and West African CFA Franc Zone.

- Aloysius Ajab Amin

Chapter 10. Banking Development in West Africa.

- Regina Nsang Tawah

Chapter 11. Capital Markets development and economic growth in North Africa.

- Augustin Ntembe, Aloysius Ajab Amin, and Regina Nsang Tawah

Part 4. Continental Monetary Policy and the Financial Systems.

Chapter 12. Economic Performance across Monetary Unions in Africa.

- Joseph Onjala

Chapter 13. Capital Markets' Development: Are African Countries Lagging?.

- Thaddee M. Badibanga

Chapter 14. African Monetary Unions and Competitiveness.

- Oluremi Davies Ogun

Chapter 15.  Financial Institutions versus Trade and Infrastructural Development in Africa.

- Bruno L. Yawe, J. Ddumba-Ssentamu, Yusuf Kiwala, and Ibrahim Mukisa

Chapter 16. Prospect of Economic Unions on Intra-Regional Trade in Africa.

- Grace Nkansa Asante

Chapter 17. A Single Currency for Africa: Challenges and Possibilities.

- Augustin Ntembe

Part 5. Conclusion: The Way Forward.

Chapter 18. Conclusion: Currency Regimes and Monetary Integration in Africa, the Way Forward.

- Regina Nsang Tawah, Augustin Ntembe, and Aloysius Ajab Amin

O autorze

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.

Blurb

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.

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.