The Portuguese Escudo Monetary Zone

Its Impact in Colonial and Post-Colonial Africa

  • Maria Eugénia Mata

Part of the Palgrave Studies in Economic History book series (PEHS)

Table of contents

  1. Front Matter
    Pages i-xx
  2. The Origin of the Escudo Monetary Zone

    1. Front Matter
      Pages 9-9
    2. Maria Eugénia Mata
      Pages 11-24
  3. The Transition to a Revised Escudo Monetary Zone

  4. The End of the Revised Escudo Monetary System

  5. Co-operation from Independences to the End of the Millenium

    1. Front Matter
      Pages 161-161
    2. Maria Eugénia Mata
      Pages 193-212
    3. Maria Eugénia Mata
      Pages 213-233
    4. Maria Eugénia Mata
      Pages 235-241
  6. Back Matter
    Pages 243-265

About this book


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.


Economic history Portuguese Escudo Monetary Zone Colonial African economic history Post-colonial African economic history Monetary reform Portuguese economic history Portuguese colonies Central banking history

Authors and affiliations

  • Maria Eugénia Mata
    • 1
  1. 1.Nova School of Business and EconomicsUniversidade Nova de LisboaCarcavelosPortugal

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-33856-5
  • Online ISBN 978-3-030-33857-2
  • Series Print ISSN 2662-6497
  • Series Online ISSN 2662-6500
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking