This paper assesses the adequacy of the exchange rate regime of 16 African countries that are pegged to the euro since 1999. The evaluation is based on three key criteria borrowed from the optimal currency area literature. A first conclusion is that the peg to the euro has granted the 16...

After 10 years of a fixed exchange rate against the euro and a deepening integration with the European Union (EU), the authorities of Cape Verde maintain a strong commitment to nominal stability and are now considering the official euroization of the country. Compared to the current pegging,...

After a decade of a successful peg to the euro, the authorities of Cape Verde are considering the official euroisation of the country. For an "ex ante" economic evaluation of such a move, this paper assesses whether Cape Verde fulfills key economic criteria devised by the optimum currency areas...