Fundamentals of Establishing unified North African Currency

Mohamed Salem & Ruchita Anand
Bradley University
Foster College of Business

Abstract
Extensive research is underway to establish unified common currency regions around the globe. The following study complements a study that was done by Achy (2006) in providing step-by-step guidelines towards establishing a common monetary region in North Africa (Egypt, Sudan, Libya, Tunisia, Algeria, Morocco, and Mauritania), that could eventually lead to a beneficial common currency region to its members. This study concludes that the current political and economic situation is not suitable for any attempts to establish a common currency region. The road map starts with extra-political and intra-political issues while simultaneously trying to fix internal problems within each country, such as level of education and corruption. Finally the roadmap ends with recommending methods to increase trade between members and increase external investments. The opinion of the authors is that only after this road map is followed, a common currency would make sense.

Instructions

Click on the "files" tab below.
Four files are posted.

1- Fundamentals of Establishing unified North African Currency.doc

A compiled file that has all the paper put together for your Convenience in word 1997-2003 format.

2- Fundamentals of Establishing unified North African Currency.docx

A compiled file that has all the paper put together in word 2007 format.

3- Submitted for publications.zip

This is a zip file that containes the paper in the format required by the Journal (International Finance)
In this case, each graph and table has to be on a separate page, and text has to be double spaced on A4 size sheet.

4- References

This file contains some references that we thought are very useful in our study

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