This study operationalizes the Optimum Currency Area (OCA) to investigate the preparedness of Economic Community of …-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit … for OCA than the ECOWAS members. The study recommends various courses of action such as fostering coordination among …

enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely … worse suitable for EMU membership than the current participants. The theory of optimum currency areas provides several … the current EMU we use a structural VAR approach in order to identify economic shocks that hit the countries to be …