Problems of Monetary and Financial Integration in ECOWAS

Authors

S. E. Omoruyi, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Monetary Integration, Financial Integration, ECOWAS

Abstract

The paper examines the problems of monetary and financial integration in the ECOWAS sub-region. It traces the origins of these problems to the post-colonial era when sentimental attachment to issues of sovereignty, development of national currencies and the imposition of payments restrictions took their roots. Given the background of these problems, the paper makes a number of recommendations, such as the need to adopt a common currency and more realistic exchange rates, for forging greater monetary co-operation in the sub-region.

Author Bio

The author is a Deputy Director of Research in the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review

Issue

2

Volume

24

Recommended Citation

Omoruyi, S. E. (1986). Problems of Monetary and Financial Integration in ECOWAS. CBN Economic and Financial Review. 24(2), 26-32.