CAPE VERDE: THE CASE FOR EUROISATION

• Type: Article in International Scientific Journal
• Date: 2010

Authors

João Loureiro (Author) FEP; Manuel M. F. Martins (Author) FEP; Ana Paula Ribeiro (Author) FEP

Journal

Title: SAJE : South African Journal of Economics

Vol. 78 No. 3

Pages: 248-268

ISSN: 0038-2280

Publisher: Wiley-Blackwell

Indexing

ISI Web of Knowledge - 0 Citations

ISI Web of Science

Scopus - 0 Citations

Econlit

Scientific classification

FOS: Social sciences > Economics and Business

CORDIS: Social sciences > Economics

Other information

Authenticus ID: P-003-3TY

DOI: 10.1111/j.1813-6982.2010.01247.x

Abstract (EN): After a decade of a successful peg to the euro, the authorities of Cape Verde are considering the official euroisation of the country. For an ex ante economic evaluation of such a move, this paper assesses whether Cape Verde fulfills key economic criteria devised by the optimum currency areas literature, using as benchmark the comparable records of the 27 European Union (EU) countries. The answer is positive. Overall, we find that Cape Verde is not less suited for euroisation than some of the current euro area members and most of the remaining members of the EU. JEL Classification: E32, E52, E58, F33

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 21