The Monetary Geography of Africa

by Paul R. Masson

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Africa is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower transaction costs, increased stability, and greater insulation of central banks from pressures to provide monetary financing. Disadvantages relate to asymmetries among countries, especially in their terms of trade and in the degree of fiscal discipline. More disciplined countries will...

• Format: Hardcover
• Language: English
• ISBN: 0815755007
• ISBN13: 9780815755005
• Release Date: November 2004
• Publisher: Brookings Institution Press
• Length: 217 Pages
• Weight: 1.11 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"