期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：11
页码：11-25
出版社：Society for Business Research Promotion
摘要：The goal of ECOWAS is to introduce a common currency by 2020 by integrating the CFA franc currently used by the Francophone countries and the ECO of the Anglophone countries of West Africa. The approach to introducing the ECO is similar to that used to introduce the EURO within the European Union. The euzone is going through a period of crises and so it is imperative that cues are taken from the current crises in order to avoid committing similar mistakes. The paper analyses the causes and effects of the crises. It was found that macroeconomic mismanagement, rising governments debt levels, trade imbalances, loss of confidence, and lack of transparency on the part of some countries are the main causes of the crises. Political integration or similar political, economic and financial policies were recommended as a way to help avoid crises such as that of the eurozone. Full Text
