Regional Integration and Policy Challenges in Africa

1. Front Matter

   Pages i-xxxi

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2. Overview

   1. Overview

      • Adam B. Elhiraika, Allan C. K. Mukungu, Wanjiku Nyoike

      Pages 1-19

3. Convergence, Monetary Policy, and Economic Growth

   1. Front Matter

      Pages 21-21

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   2. Can Inflation in WAMZ Converge without Monetary Policy Coordination?

      • Emmanuel Dele Balogun

      Pages 23-42

   3. Economic Integration in WAEMU: Nominal Convergence and Growth Dynamics

      • William Gbohoui

      Pages 43-68

   4. Monetary Policy and Economic Growth in CEMAC: A Panel Data Approach

      • Simon Yannick Fouda Ekobena

      Pages 69-85

4. Institutional Integration and Policy Coordination

   1. Front Matter

      Pages 87-87

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   2. The Challenges of Regional Integration in the East Africa Community

      • Patricia Mukiri Mwithiga

      Pages 89-108

   3. Regional Integration in Africa through the Harmonization of Laws

      • Regis Y. Simo

      Pages 109-123

   4. External Debt, Quality of Institutions, and Economic Growth in WAEMU

      • Jérôme Ouedraogo

      Pages 124-142

5. Financial Integration and Regulation

   1. Front Matter

      Pages 143-143

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   2. Financial Integration and Economic Growth: Portfolio Equity Flows to Sub-Saharan Africa

      • Eric Osei-Assibey, Seth Obeng Adu

      Pages 145-167

   3. Financial Frictions and Exchange Rates in ECOWAS’s Prospective Monetary Union

      • Lacina Balma

      Pages 168-200

   4. Financial Deepening Dynamics and Implication for Financial Policy Coordination in WAEMU

      • Christian L. Nguena, Temilade M. Abimbola

      Pages 201-219

   5. Illicit Financial Flows, Trade Mispricing, and their impact on African economies

      • Simon Mevel, Siope Vakataki ‘Ofa, Stephen Karingi

      Pages 220-252

6. Fiscal Policy and Regional Integration

   1. Front Matter

      Pages 253-253

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   2. Harmonized Budget Programming Reforms in Africa: Senegal’s Experience with MTEF

      • Ligane Massamba Sene, El Hadji Fall

      Pages 255-277

   3. Monitoring Fiscal Sustainability in Africa

      • Moses Obinyeluaku

      Pages 278-301

   4. Fiscal Rules in WAEMU: Limiting Public Deficits

      • Mohamed Coulibaly

      Pages 302-325

7. Conclusion

   1. Conclusion

      • Adam B. Elhiraika, Allan C. K. Mukungu, Wanjiku Nyoike

      Pages 326-328

The role of integration as a catalyst for economic growth, development and insulation from global shocks has made the concept of regional integration even more attractive to states. This books contains compelling arguments and empirical observations that detail some of the key opportunities governments in Africa are pursuing.

• Fiscal policy
• regional integration
• economic convergence
• economic growth and trade
• development
• economic growth
• economic integration
• financial policy
• growth
• inflation
• integration
• monetary policy
• sustainability
• development theory

• Macroeconomic Policy Division, United Nations Economic Commission for Africa, Ethiopia

  Adam B. Elhiraika

• United Nations Economic Commission for Africa, Ethiopia

  Allan C. K. Mukungu

• Development Planning Consultant, Capacity Development Division, United Nations Economic Commission for Africa, Ethiopia

  Wanjiku Nyoike

Temilade Abimbola, African Development Bank Seth Obeng Adu, University of Ghana Lacina Balma, African Development Bank Mohamed Coulibaly, University of Ouagadougou, Burkina Faso Emmanuel Dele Balogun, University of Lagos Akoka, Nigeria El Hadji Fall, UNDP Simon Yannick Fouda Ekobena, University of Yaounde II, Cameroon William Gbohoui, macroeconomist Stephen Karingi, United Nations Economic Commission for Africa Simon Mevel, United Nations Economic Commission for Africa Patricia Mwithiga Christian Lambert Nguena, African Development Bank Moses Obinyeluaku, International Trade Administration Commission of South Africa Eric Osei-Assibey, University of Ghana Jérôme Ouedraogo, University of Ouagadougou, Burkina Faso Ligane Massamba Sene, International Food Policy Research Institute Regis Yann Simo, Bocconi University, Italy Siope Vakataki 'Ofa, Australian National University

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