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Introduction: Why to Study “The Portuguese Escudo Monetary Zone and its Impact in Colonial and Post-Colonial Africa”

  • Maria Eugénia MataEmail author
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Part of the Palgrave Studies in Economic History book series (PEHS)

Abstract

In the context of the European colonisation in Africa, the decisions of the Berlin Conference of the late 1880s defined the territories of the Portuguese empire. The coincidence between currency areas in Africa and colonial empires makes the study of the Escudo Monetary Zone an important step to understand currency areas in general. Under Mundel’s 1960s ideas on economic integration and optimal currency areas (OCAs) the Portuguese Escudo Monetary Zone can also illustrate the purpose of economic growth and prosperity that was related to economic integration and monetary unions in a global perspective. The government decisions to join the European Free Trade Association (EFTA) and simultaneously frame a Portuguese free trade area in the Escudo Monetary Zone is here analysed as a macro-political experiment in Africa.

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.Nova School of Business and EconomicsUniversidade Nova de LisboaCarcavelosPortugal

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