IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/121439.html

Vers une monnaie commune des pays de l’AES basée sur les ressources : approches théoriques et aspects pratiques
[Towards a common currency of the AES countries based on resources: theoretical approaches and practical aspects]

Author

Listed:
  • NENOVSKY, Nikolay
  • BONDI, Gildas

Abstract

This article aims to examine the theoretical foundations and practical aspects underlying the creation of a common currency based on natural resources, within the space of the Alliance of Sahel States (AES). On July 6, 2024, in Niamey, the leaders of Mali, Burkina Faso and Niger signed the constitutive act of the Confederation of Sahel States, which at the same time confirms the exit of the three countries from the Economic Community of West African States (ECOWAS). The new Confederation of the AES decided, among other things, the creation of an investment bank and the establishment of a stabilization fund. From then on, the hypothesis of the imminent adoption of a currency common to this confederation becomes plausible. It is then interesting from a scientific point of view to see by what mechanisms this new currency would be guaranteed by natural resources from the AES countries.

Suggested Citation

  • NENOVSKY, Nikolay & BONDI, Gildas, 2024. "Vers une monnaie commune des pays de l’AES basée sur les ressources : approches théoriques et aspects pratiques [Towards a common currency of the AES countries based on resources: theoretical approaches and practical aspects]," MPRA Paper 121439, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121439
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/121439/1/MPRA_paper_121439.docx
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/121464/1/MPRA_paper_121464.pdf
    File Function: revised version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kevin Dowd, 1995. "A Rule to Stabilize the Price Level," Cato Journal, Cato Journal, Cato Institute, vol. 15(1), pages 39-63, Spring/Su.
    2. Selgin, George, 2015. "Synthetic commodity money," Journal of Financial Stability, Elsevier, vol. 17(C), pages 92-99.
    3. Suzanne de Brunhoff, 1976. "Les matières premières et le système monétaire international," Revue Tiers Monde, Programme National Persée, vol. 17(66), pages 515-537.
    4. Albert Hart, 1976. "The case as of 1976 for International commodity-reserve currency," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 112(1), pages 1-32, March.
    5. Thomas Balogh, 1963. "L'influence des institutions monétaires et commerciales sur la structure économique africaine," Revue Économique, Programme National Persée, vol. 14(2), pages 177-195.
    6. Aman, Moustapha & Nenovsky, Nikolay, 2022. "Monetary stability and regional currency board: towards a two-tier system to accelerate regional integration in the Horn of Africa: a policy proposal," MPRA Paper 115605, University Library of Munich, Germany.
    7. Jean Rioust de Largentaye, 1966. "De la liquidité internationale," Revue Tiers Monde, Programme National Persée, vol. 7(27), pages 463-480.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. NENOVSKY, Nikolay & BONDI, Gildas, 2024. "Towards a common currency for AES countries based on resources: theoretical approaches and practical aspects," MPRA Paper 121465, University Library of Munich, Germany.
    2. Zein Alamah & Ali Fakih, 2025. "Is the Price of Ether Driven by Demand or Pure Speculation?," Computational Economics, Springer;Society for Computational Economics, vol. 66(1), pages 323-347, July.
    3. Greg W. Hunter & Craig Kerr, 2019. "Virtual Money Illusion and the Fundamental Value of Non-Fiat Anonymous Digital Payment Methods," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(2), pages 151-164, May.
    4. Aurelio F. Bariviera & Ignasi Merediz‐Solà, 2021. "Where Do We Stand In Cryptocurrencies Economic Research? A Survey Based On Hybrid Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 377-407, April.
    5. Zura Kakushadze & Willie Yu, 2019. "iCurrency?," Papers 1911.01272, arXiv.org, revised Nov 2019.
    6. Chen, Bin-xia & Sun, Yan-lin, 2024. "Risk characteristics and connectedness in cryptocurrency markets: New evidence from a non-linear framework," The North American Journal of Economics and Finance, Elsevier, vol. 69(PA).
    7. Bhuiyan, Rubaiyat Ahsan & Husain, Afzol & Zhang, Changyong, 2021. "A wavelet approach for causal relationship between bitcoin and conventional asset classes," Resources Policy, Elsevier, vol. 71(C).
    8. Maik Schmeling & Andreas Schrimpf & Karamfil Todorov, 2023. "Crypto carry," BIS Working Papers 1087, Bank for International Settlements.
    9. Baur, Dirk G. & Cahill, Daniel & Godfrey, Keith & (Frank) Liu, Zhangxin, 2019. "Bitcoin time-of-day, day-of-week and month-of-year effects in returns and trading volume," Finance Research Letters, Elsevier, vol. 31(C), pages 78-92.
    10. Pawan Kumar Singh & Alok Kumar Pandey & S. C. Bose, 2023. "A new grey system approach to forecast closing price of Bitcoin, Bionic, Cardano, Dogecoin, Ethereum, XRP Cryptocurrencies," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2429-2446, June.
    11. Poonam Garg & Bhumika Gupta & Kanwal Nayan Kapil & Uthayasankar Sivarajah & Shivam Gupta, 2025. "Examining the relationship between blockchain capabilities and organizational performance in the Indian banking sector," Annals of Operations Research, Springer, vol. 348(3), pages 1513-1546, May.
    12. Brajaballav Kar & Chandrabhanu Das, 2022. "Cryptocurrency Response to COVID-19: A Test of Efficient Market Hypothesis," Springer Proceedings in Business and Economics, in: Rabi Narayan Subudhi & Sumita Mishra & Abu Saleh & Dariush Khezrimotlagh (ed.), Future of Work and Business in Covid-19 Era, pages 9-18, Springer.
    13. Shahzad, Syed Jawad Hussain & Bouri, Elie & Roubaud, David & Kristoufek, Ladislav & Lucey, Brian, 2019. "Is Bitcoin a better safe-haven investment than gold and commodities?," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 322-330.
    14. Zhang, Shunqi & Xu, Qiuhua & Ding, Xuerou & Han, Kefei, 2025. "Risk spillover between cryptocurrencies and traditional currencies: An analysis based on neural network quantile regression," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 667(C).
    15. Flori, Andrea, 2019. "News and subjective beliefs: A Bayesian approach to Bitcoin investments," Research in International Business and Finance, Elsevier, vol. 50(C), pages 336-356.
    16. Nikolaos A. Kyriazis, 2021. "A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets," JRFM, MDPI, vol. 14(7), pages 1-46, June.
    17. Wang, Xuetong & Fang, Fang & Ma, Shiqun & Xiang, Lijin & Xiao, Zumian, 2024. "Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex network," The North American Journal of Economics and Finance, Elsevier, vol. 69(PA).
    18. Kwon, Ji Ho, 2020. "Tail behavior of Bitcoin, the dollar, gold and the stock market index," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 67(C).
    19. Bruno Ferreira Frascaroli, 2020. "Bitcoin's innovative aspects, return volatility and uncertainty shocks," International Journal of Financial Markets and Derivatives, Inderscience Enterprises Ltd, vol. 7(3), pages 224-245.
    20. Chuffart, Thomas, 2022. "Interest in cryptocurrencies predicts conditional correlation dynamics," Finance Research Letters, Elsevier, vol. 46(PA).

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:121439. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.