| Abstract: | As this paper is concerned with the monetary aspects of economic disintegration that followed closely on the heels of the end of the colonial period and the prospects for monetary integration that are likely to accompany the projected West African Economic Community, it discusses the type of monetary union that existed during the colonial period and the process of monetary disintegration after the attainment of independence by most of the countries around 1960. It also examines the theoretical preconditions for monetary integration in the light of West African economic conditions, and makes a suggestion for the establishment of a West African Monetary Union. The paper concludes with a summary of the effects of such a union on economic activity in the region. Ref., notes. |
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