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- Title
CAPE VERDE: THE CASE FOR EUROISATION.
- Authors
Loureiro, Joao; Martins, Manuel M. F.; Ribeiro, Ana Paula
- Abstract
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.
- Subjects
CABO Verde; EUROPEAN Union countries; ECONOMIC policy; EUROPEANIZATION; ECONOMIC development
- Publication
South African Journal of Economics, 2010, Vol 78, Issue 3, p248
- ISSN
0038-2280
- Publication type
Article
- DOI
10.1111/j.1813-6982.2010.01247.x