CAPE VERDE: THE CASE FOR EUROISATION

Joao Loureiro, Manuel Martins and Ana Ribeiro

South African Journal of Economics, 2010, vol. 78, issue 3, 248-268

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.

Date: 2010
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https://doi.org/10.1111/j.1813-6982.2010.01247.x

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Working Paper: Cape Verde: The Case for Euroization (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:sajeco:v:78:y:2010:i:3:p:248-268

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