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Pré-évaluation de la participation du Maroc à l’union monétaire de la CEDEAO
[Pre-assessment of Morocco's participation in the ECOWAS monetary union]

Author

Listed:
  • Rabhi, Ayoub
  • Haoudi, Amina

Abstract

According to the theory of the optimal currency area (OCA), the choice of a country to join a monetary union is a relevant decision if the different members fulfill a set of criteria. In this context, the possible decision of Morocco to join the planned monetary union of ECOWAS requires a subtle analysis in order to assess the economic pre positioning of Morocco in relation to the other major members of ECOWAS. Our article brings some reflections on the advantages and limits of this possible participation in the monetary union of ECOWAS based on different relations that exist between Morocco and four major ECOWAS economies, namely: Nigeria, Senegal, Ghana and Ivory Coast.

Suggested Citation

  • Rabhi, Ayoub & Haoudi, Amina, 2020. "Pré-évaluation de la participation du Maroc à l’union monétaire de la CEDEAO [Pre-assessment of Morocco's participation in the ECOWAS monetary union]," MPRA Paper 98978, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98978
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    More about this item

    Keywords

    Optimal Currency Area; Monetary union; ECOWAS; Exchange rate regime.;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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