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Hardcover The Monetary Geography of Africa Book
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ISBN: 0815755007

ISBN13: 9780815755005

The Monetary Geography of Africa

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Africa is working toward the goal of creating a common currency that would serve as a symbol of African unity. The advantages of a common currency include lower transaction costs, increased stability, and greater insulation of central banks from pressures to provide monetary financing. Disadvantages relate to asymmetries among countries, especially in their terms of trade and in the degree of fiscal discipline. More disciplined countries will...

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Format: Hardcover

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Political Science Politics & Social Sciences

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