The Portuguese Escudo Monetary Zone
Its Impact in Colonial and Post-Colonial Africa| By: | Maria Eugénia Mata |
| Publisher: | Springer Nature |
| Print ISBN: | 9783030338565 |
| eText ISBN: | 9783030338572 |
| Edition: | 0 |
| Copyright: | 2020 |
| Format: | Reflowable |
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This monograph examines the failure of the Portuguese Escudo Monetary Zone and the birth of new monetary and financial systems in Portuguese-speaking African countries. Examining colonial and post-colonial times, Mata analyses the decision to build a Portuguese monetary area in the early 1960s and mid-1970s when the decolonisation process was peaking. This book offers some important lessons regarding the functioning and dismantling of monetary areas, and on the importance of central-banks’ co-operation.