ABOUT THE BOOK: ECO-The Common Currency of ECOWAS

The book explains the necessity of common currency for the bloc-ECOWAS (Economic Community of West African States) by studying the huge economic literature which endeavoured to clarify the pros and cons of introduction of ECO. It examined the Optimum Currency Area criteria for ECOWAS during the period from 1980 to 2021 which showed both favourable and unfavourable Beta and Sigma convergences. The process of trade integration and financial integration have favoured the progress of economic integration of the bloc, yet there are many barriers of social, political and economic indicators which were included in the book. The terms of trade impact on trade balance, foreign direct investment and GDP per capita were scrutinised towards the goal for a single currency which is also justified by evidences and correlated with the single currency of Africa uniquely. The book is very useful to the researchers, policy makers and academicians who are really interested in ECO of ECOWAS.

Contents : Introduction; Economic and Monetary History; Theoretical Literature on Monetary Union; Empirical Literature on Monetary Union: Evidence from ECOWAS; ECO—The Single Currency for ECOWAS; Terms of Trade of ECOWAS : An Econometric Analysis; Single Currency of Africa and ECOWAS; Conclusion.

Author (s): Fitzgerald Witika & Dr. Debesh Bhowmik

Year: 2023

Foreword by: Prof. Manoj Kumar Mishra

Publisher: Shandilya Publications

Country: India 

By Fitzgerald Witika

Fitzgerald Witika is a luminary economist, exhibiting extraordinary talent in the realms of research and development. His distinguished portfolio boasts a trailblazing contribution to the landscape of contemporary health economics, wherein he applies the Aggregate Demand and Supply (AD-AS) model with theoretical precision to elucidate the global economic ramifications of the COVID-19 pandemic. Moreover, he is also known as the author of the book titled “Manifest the Genius in You” published in 2019. Subsequently, his contribution to monetary economics is based on the application of the quantity theory of money in explaining the outcomes of adopting Central Bank Digital currencies (CBDCs). Besides that, Fitzgerald Witika has also collaborated with many researchers around the world and contributed as well as edited book chapters in applied econometrics. Fitzgerald Witika is a consummate research consultant, whose prodigious acumen spans across a diverse spectrum of disciplines, including business research, economics research, econometric analysis, natural scientific research, academic research, and data analysis with SPSS, EVIEWS, STATA, R-software and EXCEL. His multifaceted expertise is honed by his extensive experience in providing consultancy services to both individuals and organizations, spanning a broad range of industries and sectors. With a refined skill set that blends academic and practical expertise, Fitzgerald is recognized for his ability to deliver bespoke consultancy solutions that are tailored to the unique needs of his clients. As a seasoned writer, researcher, econometrician, data scientist, and research consultant, Fitzgerald Witika has garnered extensive experience spanning numerous disciplines, particularly in economics, business, engineering, and other natural and scientific fields. With an impressive portfolio of over 150 research projects, Fitzgerald’s track record speaks to his exceptional ability to navigate complex research problems with ease and deliver cutting-edge solutions. As an econometrician, Fitzgerald has a comprehensive understanding of the mathematical and statistical models that underpin economic analysis, enabling him to leverage advanced techniques to analyze complex datasets and extract meaningful insights. His mastery of econometric tools such as regression analysis, panel data analysis, time series analysis, and forecasting has earned him a reputation as a leading expert in the field. | Economist | Author | Econometrician| Web Developer | Researcher |

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