1. Market Research
  2. > Mining and Quarrying
  3. > Metals Market Trends

The Eco: Western Africa pushes for monetary union

  • July 2014
  • 22 pages
  • MarketLine
Report ID: 2399097

Summary

Table of Contents

Search Inside

Introduction

The Eurozone has attracted much criticism following the sovereign debt crisis and near collapse of some of its members. Despite these conditions, the concept of monetary union has not entirely been discredited: plans are afoot in West Africa to expand the existing currency union to include new members, which could see a new currency encompass a region of over 300 million people.

Features and benefits

* Helps to explain what a monetary union is and the impact it can have.
* Analysis of the CFA Franc region in Western Africa, assessing both its improvements and failings.
* Evaluates the suitability of the Economic Community of West African States as a currency zone, and how the Eco project is developing.
* Assesses the Eurozone as the world's largest monetary union, and whether any lessons can be applied to West Africa should they proceed.

Highlights

Currency Unions are where two or more member states share a common currency. In order to ascertain where such unions would be effective, theory suggests the "optimal currency area". Robert Mundell suggests there are four key criteria to optimal currency unions when adopting the regime.
The West African Economic and Monetary Union (WAEMU) have considered its currency, the CFA Franc, a qualified success so far. Another region within the Economic Community of West African States, the West African Monetary Zone (WAMZ), has proposed the Eco currency, and depending on its success, this could be extended across the entire ECOWAS region.
The Eco's promise is primarily down to the success of the WAEMU's Franc. It has provided a template for development among the member countries. Intra-zonal trade is some of the highest in Africa according to the IMF, a key component in promoting development.

Your key questions answered

* What is a currency union, and how can it be judged successful?
* What is the Eco?
* What can the Eco learn from the CFA Franc?
* What problems face the Eco's Introduction?
* Are there any lessons from the Eurozone for new monetary unions?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Aluminum Casting Market by Process, End-use Sector, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Aluminum casting market is projected to grow at a CAGR of 7.33% during the forecast period.” The aluminum casting market is projected to grow at a CAGR of 7.33% from 2017, to reach USD 79.13 billion ...

Metal Matrix Composite Market by Type, Production Technology, Reinforcement, End Use Industry, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Metal Matrix Composite market projected to grow at a CAGR of 6.10% in terms of value from 2016 to 2021” The global metal matrix composite (MMC) market is projected to reach USD 619.1 million by 2021, ...

Metal Foam Market by Application, End-Use Industry, Material, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“The metal foam market is projected to grow at a CAGR of 4.05% from 2017 to 2022, in terms of value” The global metal foam market was valued at USD 79.0 million in 2016 and is anticipated to reach ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.