This study assesses the degree of financial integration in the West African Economic and Monetary Union (WAEMU). The structure of the financial sector and its institutional arrangements indicate that financial integration is well advanced in some aspects. Common and foreign ownership of banks is...

Part 1. Introduction -- Chapter 1. Introduction and Background: A historical perspective of the role of financial institutions in Africa’s development -- Part 2. Country Monetary Policy Issues -- Chapter 2. Monetary Policy and Price Stability in Ghana's Fourth Republic: Have the Dues Been...

Recent developments in the monetary situation in West Africa, in particular the transformation for the CFA franc area and the project to build a single currency for the CEDEAO/ECOWAS, require a systematic review of the assumptions underlying the formation of monetary unions. The article provides...