Regional Integration and Policy Challenges in Africa

ISBN-13: 9781137462077 / Angielski / Twarda / 2014 / 335 str.

Adam Elhiraika; Allan Mukungu; Wanjiku Nyoike

Opis

The role of integration as a catalyst for economic growth, development and insulation from global shocks has made the concept of regional integration even more attractive to states. This books contains compelling arguments and empirical observations that detail some of the key opportunities governments in Africa are pursuing.

Spis treści

Overview Chapter; Adam B. Elhiraika, Allan C. K. Mukungu and Wanjiku Nyoike PART I: CONVERGENCE AND MONETARY UNIONS 1. Can West African Monetary Zone Area Inflation Converge without Ex-Ante Monetary Policy Coordination?; Emmanuel Dele Balogun 2. Economic Integration in WAEMU: Nominal Convergence and Growth Dynamics between Member States; William Gbohoui 3. Monetary Policy and Economic Growth in the CEMAC Zone: A Panel Data Approach; Fouda Ekobena Simon Yannick PART II: INSTITUTIONAL INTEGRATION AND POLICY COORDINATION 4. The Challenge of Regional Integration: A Case Study of the East Africa Community; Patricia Mukiri Mwithiga 5. Law and Development in Africa: Paving the Way for Regional Integration through Harmonization of Laws; Regis Y. Simo 6. External Debt and Quality of Institutions, Impact on Economic Growth: Case of WAEMU; jérôme Ouedraogo PART III: FINANCIAL INTEGRATION AND REGULATION 7. Financial Integration and Economic Growth: A Case of Portfolio Equity Flows to Sub-Saharan Africa; Eric Osei-Assibey and Seth Obeng Adu 8. Financial Frictions and Exchange Rate Regimes in the Prospective Monetary Union of the ECOWAS Countries ; Lacina Balma 9. Financial Deepening Dynamics and Implication for Financial Policy Coordination in a Monetary Union: the Case of WAEMU; Christian Nguena and Temilade Abimbola 10. Quantifying Illicit Financial Flows from Africa through Trade Mis-Pricing and Assessing their Incidence on African Economies; Simon Mevel, Siope V. 'Ofa and Stephen Karingi PART IV: FISCAL POLICY AND REGIONAL INTEGRATION 11. Assessment and Challenges of Harmonized Budget Programming Reforms in Africa: Case of the Medium-Term Expenditure Framework (MTEF) - Senegal's Experience; Ligan Massamba Sene and El Hadji Fall 12. Monitoring Fiscal Sustainability in Africa: Symtoms and Sources; Moses Obinyeluaku 13. Fiscal Policy Rules in WAEMU: An Empirical Assessment of the Criterion Limiting Public Deficits; Mohamed Coulibaly Concluding Chapter; Adam B. Elhiraika, Allan C. K. Mukungu and Wanjiku Nyoike

O autorze

Temilade Abimbola, African Development Bank Seth Obeng Adu, University of Ghana Lacina Balma, African Development Bank Mohamed Coulibaly, University of Ouagadougou, Burkina Faso Emmanuel Dele Balogun, University of Lagos Akoka, Nigeria El Hadji Fall, UNDP Simon Yannick Fouda Ekobena, University of Yaounde II, Cameroon William Gbohoui, macroeconomist Stephen Karingi, United Nations Economic Commission for Africa Simon Mevel, United Nations Economic Commission for Africa Patricia Mwithiga Christian Lambert Nguena, African Development Bank Moses Obinyeluaku, International Trade Administration Commission of South Africa Eric Osei-Assibey, University of Ghana Jérôme Ouedraogo, University of Ouagadougou, Burkina Faso Ligane Massamba Sene, International Food Policy Research Institute Regis Yann Simo, Bocconi University, Italy Siope Vakataki 'Ofa, Australian National University