Monetary Dependence in Africa: the Case of Sierra Leone

1978 ◽  
Vol 16 (2) ◽  
pp. 273-294 ◽  
Author(s):  
S. R. Dixon-Fyle
Keyword(s):  
Exchange Rates ◽  
Sierra Leone ◽  
Common Currency ◽  
African Countries ◽  
National Currencies ◽  
Break Up ◽  
Belgian Franc

The exchange rates of several African countries have historically been specified as units of certain ‘master currencies’ of former imperial powers, notably the pound sterling and the French and Belgian francs. The fact that these countries might notionally be said to have belonged to ‘common currency areas’, the Sterling Area and the French and Belgian franc zones, has variously been commended and criticised. To some observers, the break-up of such monetary groupings, following the establishment of national currencies by some African governments shortly after independence, was a retrograde step. This process had offered no alternative basis for rationalising regional monetary and economic co-operation. Others have emphasised the limitations under such arrangements as regards national freedom of initiative in managing exchange rates – even though they would accept that some restrictions may not be inconsistent with the logic of common currency arrangements.

scholarly journals Macroeconomic convergence in the West African monetary zone: Evidence from rank tests

2019 ◽  
Vol 8 (4) ◽  
pp. 191
Author(s):  
Emmanuel Numapau Gyamfi ◽  
Anokye Mohammed Adam ◽  
Emily Frimpomaa Appiah
Keyword(s):  
Exchange Rates ◽  
Sierra Leone ◽  
Score Test ◽  
West African ◽  
Rank Tests ◽  
African Countries ◽  
The West ◽  
Nominal Exchange Rates ◽  
Practical Implications ◽  
Non Parametric

This article examined convergence of inflation and exchange rates in six (6) West African countries that make up the West African Monetary Zone (WAMZ). A non-parametric rank and score test was employed in the analysis. The results show that inflation and nominal exchange rates of Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone are converging. The findings have practical implications.

scholarly journals Economic Growth in the Euro Zone Countries and Other Member States of the European Union in the Years 2006 - 2017 - Comparative Analysis

2018 ◽  
Vol 57 ◽  
pp. 01011
Author(s):  
Krzysztof Dobrowolski ◽  
Grzegorz Pawłowski
Keyword(s):  
Consumption Expenditure ◽  
The European Union ◽  
Common Currency ◽  
Non Profit ◽  
Euro Zone ◽  
Final Consumption ◽  
National Currencies ◽  
General Government ◽  
Level Of Economic Development ◽  
The Common

The aim of the conducted research is to verify III hypotheses. Hypothesis I: changes in GDP and its components should demonstrate higher dynamics in the euro zone countries than in countries using national currencies, taking into account differences in their level of economic development. Hypothesis II: in countries that joined the euro zone during the period under examination, the analyzed indicators should demonstrate higher dynamics after the adoption of the common currency. Hypothesis III: the index of final consumption expenditure of general government should demonstrate lower dynamics in the euro zone countries and a decline in dynamics after the adoption of the euro in the countries that have done so during the period considered. Statistical material was analyzed. Data on GDP dynamics, investments, final consumption expenditure of households and non-profit institutions serving households (later referred to as: "final consumption expenditure"), final consumption expenditure of general government, export and import were used. The research methods used were: the method of analysis and logical construction and a statistical one. The hypotheses tested were only partially confirmed.

English in West Africa

2015 ◽  
Author(s):  
Ulrike Gut
Keyword(s):  
West Africa ◽  
Sierra Leone ◽  
Structural Properties ◽  
West African ◽  
The Other ◽  
African Countries ◽  
The West ◽  
Current Role ◽  
British Colonization

This chapter describes the history, role, and structural properties of English in the West African countries the Gambia, Sierra Leone, Liberia, Ghana, Nigeria, the anglophone part of Cameroon, and the island of Saint Helena. It provides an overview of the historical phases of trading contact, British colonization and missionary activities and describes the current role of English in these multilingual countries. Further, it outlines the commonalities and differences in the vocabulary, phonology, morphology, and syntax of the varieties of English spoken in anglophone West Africa. It shows that Liberian Settler English and Saint Helenian English have distinct phonological and morphosyntactic features compared to the other West African Englishes. While some phonological areal features shared by several West African Englishes can be identified, an areal profile does not seem to exist on the level of morphosyntax.

Financial and Monetary Stability Aspects of Global Stablecoins

2020 ◽  
Vol 53 (2) ◽  
pp. 159-185
Author(s):  
Stefan Schäfer ◽  
Oliver Read
Keyword(s):  
Exchange Rates ◽  
Banking System ◽  
Central Banks ◽  
Jel Classification ◽  
Monetary Stability ◽  
Digital Currency ◽  
National Currencies ◽  
Starting Point ◽  
The World ◽  
The One

Abstract Global stablecoins (GSCs) like Facebook’s Libra could prove much more instable than they might appear at first sight. Not only can their exchange rates against individual fiat currencies fluctuate substantially; theoretically, they also have the potential to replace national currencies, constitute “digital currency areas” and become the basis of a two-tier banking system with one and more GSC issuers, on the one hand, and, on the other hand, commercial banks that can create GSC deposit money. Against that background, all steps taken so far by supervisors and central banks can only be the starting point of what is necessary to effectively regulate the new normal of the world of money that is emerging. JEL Classification: E42, F65, G28, K24

African Conference on Local Courts and Customary Law

1963 ◽  
Vol 1 (4) ◽  
pp. 537-539 ◽  
Author(s):  
Jacob O. Ibik
Keyword(s):  
Sierra Leone ◽  
Islamic Law ◽  
Common Law ◽  
Dar Es Salaam ◽  
Secretary General ◽  
Customary Law ◽  
African Countries ◽  
Local Courts ◽  
The Government ◽  
The University

This conference was sponsored jointly by the Government of Tanganyika and the University College, Dar es Salaam, and was financed by the Ford Foundation. It was attended by delegates from African countries, some of whose legal systems have been influenced by common law, some by European civil law or Islamic law. Official representatives came from Ethiopia, Ghana, the Ivory, Coast, Nigeria, Northern Rhodesia, Nyasaland, Sierra Leone, the Sudan, Uganda, Kenya, Tanganyika, and Zanzibar. Some celebrated authorities on Islamic law and African customary law attended as observers, and contributed a great deal to the discussions. The chairman of the conference was the Tanganyikan Minister of Justice, Sheik Amri Abedi, and the secretary general was Mr P. J. Nkambo Mugerwa of the local Faculty of Law.

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