Regional Integration and Policy Challenges in Africa [Hardcover]

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.Overview Chapter; Adam B. Elhiraika, Allan C. K. Mukungu and Wanjiku Nyoike PART I: CONVERGENCE AND MONETARY UNIONS 1. Can West African Monetary Zone Area Inflation Converge without Ex-Ante Monetary Policy Coordination?; Emmanuel Dele Balogun 2. Economic Integration in WAEMU: Nominal Convergence and Growth Dynamics between Member States; William Gbohoui 3. Monetary Policy and Economic Growth in the CEMAC Zone: A Panel Data Approach; Fouda Ekobena Simon Yannick PART II: INSTITUTIONAL INTEGRATION AND POLICY COORDINATION 4. The Challenge of Regional Integration: A Case Study of the East Africa Community; Patricia Mukiri Mwithiga 5. Law and Development in Africa: Paving the Way for Regional Integration through Harmonization of Laws; Regis Y. Simo 6. External Debt and Quality of Institutions, Impact on Economic Growth: Case of WAEMU; j?r?me Ouedraogo PART III: FINANCIAL INTEGRATION AND REGULATION 7. Financial Integration and Economic Growth: A Case of Portfolio Equity Flows to Sub-Saharan Africa; Eric Osei-Assibey and Seth Obeng Adu 8. Financial Frictions and Exchange Rate Regimes in the Prospective Monetary Union of the ECOWAS Countries ; Lacina Balma 9. Financial Deepening Dynamics and Implication for Financial Policy Coordination in a Monetary Union: the Case of WAEMU; Christian Nguena and Temilade Abimbola 10. Quantifying Illicit Financial Flows from Africa through Trade Mis-Pricing and Assessing their Incidence on African Economies; Simon Mevel, Siope V. 'Ofa and Stephen Karingi PART IV: FISCAL POLICY AND REGIONAL INTEGRATION 11. Assessment and Challenges of Harmonized Budget Programming Reforms in Africa: Case of the Medium-Term Expenditure FralóÊ