Will the Euro Create a Bonanza for Africa?
"At this stage, it is difficult to conclude that the euro will have substantial macroeconomic impact on sub-Saharan Africa, unless launch of the euro becomes the tool of a major policy shift, such as the "euroization" of the continent-- which is currently unlikely"--Cover.
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Botswana Burkina Faso Burundi Cameroon capital markets Central Africa Benin CFA franc zone CFA members Chad competition concessional Cote d'lvoire Countries that peg Crude petroleum debt service East and Southern effect EMU countries Equatorial Guinea Eritrea Ethiopia euro euro area European interest rate European Union exchange rate regime exports ratio external debt Feldman and Temprano-Arroyo Fixed peg Independent float Independent float float Managed float foreign debt foreign direct investment Gabon Gambia Ghana Guinea-Bissau impact Independent float Independent Independent float Managed Kenya Lesotho level and volatility Liberia long-term debt Malawi Mali Mauritania Mauritius Mozambique Namibia Rwanda Niger Nigeria November OECD peg Independent float percentage point portfolio diversification real exchange rate region Republic of Congo reserve management semi-p stone Senegal Sierra Leone Somalia South Africa Southern Africa Angola Sub-Saharan Africa Sub-Saharan African countries Sudan Tabada Tanzania Togo U.S. dollar Uganda West and Central World Bank World Bank 1999c Zimbabwe