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Book & Detail
ECO–The Common Currency of ECOWAS
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Author : D. Bhowmik, F. Witika Year of Publication : 2023 ISBN : 9789393934222 Language : English Binding : Hard Bound Pages : 272 Size : 23 cms Categories : 2023, Dr. Debesh Bhowmik, Economics, New Books Price : 750
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The Book
The book explains the necessity of common currency for the bloc-ECOWAS (Economic Community of West African States) by studying the huge economic literature which endeavoured to clarify the pros and cons of introduction of ECO. It examined the Optimum Currency Area criteria for ECOWAS during the period from 1980 to 2021 which showed both favourable and unfavourable Beta and Sigma convergences. The process of trade integration and financial integration have favoured the progress of economic integration of the bloc, yet there are many barriers of social, political and economic indicators which were included in the book. The terms of trade impact on trade balance, foreign direct investment and GDP per capita were scrutinised towards the goal for a single currency which is also justified by evidences and correlated with the single currency of Africa uniquely. The book is very useful to the researchers, policy makers and academicians who are really interested in ECO of ECOWAS. Contents : Introduction; Economic and Monetary History; Theoretical Literature on Monetary Union; Empirical Literature on Monetary Union: Evidence from ECOWAS; ECO—The Single Currency for ECOWAS; Terms of Trade of ECOWAS : An Econometric Analysis; Single Currency of Africa and ECOWAS; Conclusion.
The Authors
Dr. Debesh Bhowmik (Dr. Debes Chandra Bhaumik) has obtained B.A. (Honours) and M.A. in Economics (with Statistics and Econometrics) from the University of Kalyani (West Bengal, India). He completed his Ph.D from the Rabindra Bharati University (Kolkata, India). He was an ex associate editor of Arthabeekshan—the journal of Bengal Economic Association. He is an ex-member of International Economic Association. He is an ex-Rosalind member of London Journals Press. He was also an editorial member of Arthik Prasanga—the Bengali journal of economics in Kolkata. He is a life member of Indian Economic Association, The Indian Econometric Society, Bengal Economic Association, Economic Association of Bihar, Uttar Pradesh Uttarakhand Economic Association and Uttar Pradesh Economics and Commerce Association and so on. He is a regular contributor in those associations. He has written 14 books, edited 4 books and co-edited 3 books. He has published more than 220 papers in national and international journals and edited books. His paper was accepted in Moscow conference of International Economic Association in 1993. He was a recipient of gold medal from Indian Economic Association conference as a best paper writer in 2006. He has received the honour of best paper writer at St. Xaviers College, Kolkata, in 2019 and at Vidyasagar University in 2016. Presently, he is engaged in Lincoln University College, Malaysia as a Professor.
Fitzgerald Witika is an economist with significant expertise in econometric data analysis, academic and economic research. He holds a Bachelor of science in economics from the Copperbelt University (in Zambia) and also completed a Master of Arts in Economics at the University of Zambia. He is a Director of Research in RESEARCH EXPERT SOLUTIONS, Lusaka, Zambia. He has vast experience in both quantitative and qualitative research; he has done 41 research projects as an academic and economic consultant at Research Expert Solutions and written one book.
In addition, he is widely recognized for his publication on economic effects of covid-19 which has contributed to theoretical literature in contemporary health economics for applying the AD-AS model to decipher economic effects of covid-19 backed by evidence from numerous empirical studies. Besides that, he is a member of the Association for Economic Research of Indigenous Peoples, International Journal of mathematics and consciousness, and also a member of Academia to influence.