Pré-évaluation de la participation du Maroc à l’union monétaire de la CEDEAO

Rabhi, Ayoub and Haoudi, Amina (2020): Pré-évaluation de la participation du Maroc à l’union monétaire de la CEDEAO. Published in: Journal of the Geopolitics and Geostrategic Intelligence , Vol. 4, No. 2 (5 March 2020): pp. 109-122.

Abstract

According to the theory of the optimal currency area (OCA), the choice of a country to join a monetary union is a relevant decision if the different members fulfill a set of criteria. In this context, the possible decision of Morocco to join the planned monetary union of ECOWAS requires a subtle analysis in order to assess the economic pre positioning of Morocco in relation to the other major members of ECOWAS. Our article brings some reflections on the advantages and limits of this possible participation in the monetary union of ECOWAS based on different relations that exist between Morocco and four major ECOWAS economies, namely: Nigeria, Senegal, Ghana and Ivory Coast.

• Item Type: MPRA Paper
• English Title: Pre-assessment of Morocco's participation in the ECOWAS monetary union
• Language: French
• Keywords: Optimal Currency Area, Monetary union, ECOWAS, Exchange rate regime.
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

References

[1] Kenen, P.B. (1969) ‘The Theory of Optimum Currency Areas: An Eclectic View’, in Mundell, R.A. and Swoboda, A. (eds), Monetary Problems of the International Economy, Chicago: University of Chicago Press.

[2] Mankiw, G, M. et Taylor, M, P. (2013). Principes de l’économie, 3ème édition, p : 1106.

[3] Mundell, R. A. et al. (1961) ‘A Theory of Optimum Currency Areas’, The American Economic Review. 51, pp. 657–665

[4] Rapport de convergence de la CEDEAO (2017)

[5] Ministère de l’économie et des finances (2018). Direction des études et des prévisions financières : échanges commerciaux Maroc -CEDEAO : opportunités par pays et par produit. [6] ACP Observatory on Migration Research Report (2014) . Across Artificial Borders: An assessment of labour migration in the ECOWAS region. [7] International Centre for Migration Policy Development (2016). A Survey on Migration Policies in West Africa Second Edition. [8] Fondation Hassan II pour les Marocains Résidant à l’Etranger (2014) : Marocains de l’extérieur – 2013. [9] Rapport annuel de la commission bancaire de l’union monétaire ouest africaine (2016). [10] Site officiel du HCP