Overview of the ECOWAS & Single Currency: Lessons from the Euro

Abstract

ECOWAS has made little progress towards the realization of true monetary union since the institution of the West African Clearing House 25 years ago. The author points to the performance of the Euro following its introduction in Europe in January 1999, and highlights the factors that may bring ECOWAS to a quicker realization of monetary union, which is one of the important objectives of the Association.


LBS Management Review Vol.5(1) 2000: 49-60