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Foreign Direct Investment and Monetary Union in ECOWAS Sub-Region: Lessons from Abroad

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  • Abdullateef Usman
  • Waheed Ibrahim

Abstract

The paper examines the proposed Economic and Monetary Union for ECOWAS sub-region and provide a comprehensive evidence based on European Union experience of what ECOWAS common currency stand to gain in terms of both Intra and Inter flow of FDI. Evidence from the reviewed literature revealed that; single currency, research and development, trades and consequent exchange rate stability are the main factors that have been aiding FDI flows within the euro-zone.

Suggested Citation

  • Abdullateef Usman & Waheed Ibrahim, 2012. "Foreign Direct Investment and Monetary Union in ECOWAS Sub-Region: Lessons from Abroad," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 2(4), pages 1-12.
    • Handle: RePEc:spt:apfiba:v:2:y:2012:i:4:f:2_4_12
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    Cited by:

    1. Anokye M. Adam, 2013. "Currency Union And Foreign Direct Investment Inflow: Evidence From Economic Community Of West African States (Ecowas)," Far East Journal of Psychology and Business, Far East Research Centre, vol. 11(5), pages 73-81, May.
    2. Olawumi Dele Awolusi & Ezekiel Jide Fayomi & GANIYU Idris Olayiwola, 2017. "International Trade, Foreign Direct Investment (FDI) and International Technology Transfer: A Comparative Study of Asian and African Economies," Journal of Economics and Behavioral Studies, AMH International, vol. 8(6), pages 127-145.
    3. Olawumi D Awolusi & Theuns G Pelser & Adedeji Saidi Adelekan, 2016. "Determinants of Foreign Direct Investment: New Granger Causality Evidence from Asian and African Economies," Journal of Economics and Behavioral Studies, AMH International, vol. 8(1), pages 104-119.
    4. Anokye M. Adam, 2013. "Currency Union and Foreign Direct Investment Inflow: Evidence from Economic Community of West African States (ECOWAS)," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 63(1-2), pages 121-132, June.

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