Past and Current European Monetary Union Crises: Lessons for the Envisaged West African Monetary Union
The Economic Community of West African States (ECOWAS) is committed to forming a broader monetary union by 2020.The approach of forming the union is a replica of the European-type monetary union, which is predicated on the optimum currency area (OAC) theory.All the monetary unions that were created among European sovereign States within the last ha