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.
General
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