The Advanced Proposed Architecture of Eco-Currency: Technical Analysis of West Africa Single Currency Program
The different target of the time period has been established over the past two decades in the institutionalization of a single currency union in West Africa. Depending on varied reasons the proposed programs have always failed before the set timelines in respect of ECOWAS monetary unification and single currency adoption. As a result, the paper explored and developed its argument based on the existing studies of structured economic shocks, significant to the failure of the single currency union, and its major causal factors. And with observed structured analysis propose catalytic activator method as a theoretical guide to attain the single currency union within three (3) years ahead, if the necessary requirement as the commitment level of members’ State is applied towards the single currency unification program. It then elaborates in the spirit of precision the process required to sustain the eco-currency program in other to elevate members State in an out-date of its domestic currencies struggling as a subservient economic bloc to the adoption of a new anticipated domineering currency in its own merit to shoulder with the global dominating hard currencies.
 Benassy-Quere, A., Bereau, S., and Mignon, V. 2009a. Robust estimations of equilibrium exchange rates within the G20: A panel BEER approach. Scottish Journal of Political Economy 56(5): 608-633.
 Buchs, T., and Mathisen, J. 2005. Competition and Efficiency in Banking; behavioral evidence from IMF. Working Paper, n.05/17, Washington (DC): International Monetary Fund.
 Dellas, H., and Tavlas, G.S. 2009. An optimum-currency area Odyssey, Journal of International Monetary and Finance, 28(7): 1117-1137.
 De Grauwe, P. 1996. Monetary Union and convergence economics. European Economic Review, 40(3-5): 1091-1101.
 De Grauwe, P. 2003. Economics of Monetary Union, 5th Edition Oxford University Press. ISBN: 978-0198849544.
 Diop, M.B., and Fall, A. 2011. La problematique du choix de regime de change dans les pays de la CEDEAO. Document d’ETUDE, N.20 Dakar: Direction de la prevision et des E’tudes Economiques (DPEE), Ministere de l’Economie et des Finances du Senegal.
 Emerson, M., Gross, D., and Haliener, A. 1992. One market, one money: An evaluation of the potential benefits and costs of forming an Economic and Monetary Union, Oxford University Press. ISBN: 9780198773245.
 Fleming, J.M. 1971. On Exchange rate unification. Economic Journal, 81(323): 467-488.
 Frankel, J.A., and Rose, A.K. 1997. Is EMU more justifiable Ex-post than Ex-ante? European Economic Review, 41(3-5): 753-760.
 Frankel, J.A., and Rose, A.K. 1998. The Endogeneity of the optimum currency area criteria. Economic Journal, 108(449): 1009-1025.
 Friedman, M. 1953. The case for flexible exchange rates in essays in Positive Economics: 157-203.
 Giro, M. 2019. Global Africa. La nuov arealtá delle migrazione: ilvolto di un continente in movimento, Milan: Guerini e Associati.
 Grier, K.B., and Small, Wood, A. 2007. Uncertainty and export performance: Evidence from 18 countries. Journal of Money, Credit and Banking, 39(4): 965-979.
 Heller, R.H. and Knight, M. 1978. Reserve-currency preference of Central Banks. International Finance, Department of Economics. Princeton University. No.131.
 IMF. 2018. Annual Report on Exchange Arrangements and Exchange Restrictions. Washington (DC): International Monetary Fund.
 Kelly, J. 2003. The Irish pound: from origins to EMU. Central Bank of Ireland. Spring Quarterly Bulletin.
 Kenen, P.B. 1969. The theory of Optimum Currency Areas: An eclectic view. Mundell and Swoboda A.K. (Eds), in Monetary problems of the International economy, Chicago and London. University of Chicago Press.
 Krugman, P. 1993. What do we need to know about the International monetary system? Essays in International Finance, no 190 Princeton (NJ): Department of Economics, Princeton University.
 McKinnon, R.I. 1963. Optimum Currency Areas. American Economic Review, 53(4): 717-725.
 Mongelli, F.P. 2008. European economic and monetary integration, and the optimum currency area theory. European Economic Papers, no 302, Bruxelles: Directorate-General for Economic and Financial Affairs, EC.
 Mundell, R.A. 1961. A theory of Optimum currency areas. American Economic Review, Volume 51.
 Mundell, R.A. 2005. The Euro, the Dollar and the International Monetary System. Journal of Policy Modeling, 27(4): 465-475.
 Nubukpo, K. 2019. L’ urgence africaine: Changer le modèle de croissance! Paris: Odile Jacob.
 Sala-i-Martin, X.X., Sachs, J.D. 1992. Fiscal federalism and Optimum Currency areas: Evidence for Europe from the United States, in Canzoneri M.B., Grilli V. and Mason P.R. (Eds.), Establishing a Central Bank: Issues in Europe and Lessons from the US, 195-219, Cambridge University Press.
 Saxegaard, M. 2006. Excess liquidity and effectiveness of monetary policy: Evidence from Sub-Saharan Africa. IMF working paper, no 06/115, Washington (DC): International Monetary Fund.
 Senzu, T.E. 2019. Eco-currency technical analysis. Frederic Bastiat Institute, Africa. Available at: www.fbiresearchedu.org
 Senzu, T.E. 2020. Modern currency exchange rate behavior and proposed trend-like forecasting model. Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3587550
 Setsofia, D., Xuejun Du, and Cheng, F. 2020. Evaluating the use of single currency by member States as medium of transaction-ECOWAS. Journal of Economic and Sustainable Development, Volume 11, No. 6.
 Simwaka, K. 2010. Choice of Exchange rate regime for African countries, Fixed or flexible exchange rate regime? MPRA paper, n. 23129, RePEc Archive, University Library, Ludwig Maximilian University of Munich.
 Tavlas, G.S. 1993. The new theory of Optimum Currency Area. World Economy, 16(6): 663-685.
 Tavlas, G.S. 1994. The theory of Monetary Integration. Open Economies Review, 5(2): 211-230.
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.