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Endogenous Optimal Currency Areas: the Case of the Central African Economic and Monetary Community

Fabrizio Carmignani.

in Journal of African Economies

January 2010; p ublished online August 2009 .

Journal Article. Subjects: International Trade; Prices, Business Fluctuations, and Cycles; Economic Development. 9706 words.

The Central African Economic and Monetary Community (CAEMC) has been a monetary union for several decades now. According to the hypothesis of endogenous optimal currency areas (OCAs), the...