An Analysis of Financial and Monetary Cooperation in Africa

• Published in: Regional Financial Cooperation p. 329
• Main Author: ERNEST ARYEETEY
• Format: Book Chapter
• Language: English
• Published: United States Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) 29-08-2007; Brookings Institution Press
• Subjects: Bank loans; Banking; Banks; Capital markets; Capital mobility; Central banks; Countries; Currency; Economic disciplines; Economic policy; Economics; Exchange rate regimes; Finance; Financial economics; Financial instruments; Financial markets; Human geography; International cooperation; International economic cooperation; International economics; International finance; International politics; International relations; International trade; Loans; Macroeconomics; Monetary policy; Monetary unions; Money; Political geography; Political integration; Political processes; Political science; Politics; Social sciences
• ISBN: 9780815764199; 0815764197

Since the early 1990s there has been renewed interest among African nations in developing financial and monetary cooperation arrangements that help to strengthen their own financial institutions and complement their efforts to reach out to a rapidly globalizing world. The new arrangements are intended to help improve not only the mobilization of resources, both domestic and foreign, but also the regulation of institutions in order to avert crises in financial and exchange rate systems. The realization that strong financial systems are important in providing access to greater financial resources from more varied sources, particularly as countries pursue macroeconomic reforms, is