The franc Zone is to date, the only remaining currency area whereas the escudo and the sterling areas, created almost in the same period, have completely disappeared. Is it going to resist it critics and overcome once more its current challenges? Considering the agenda of the African Union to create a single currency via the creation of five sub regional currencies, will the arrangements of new currencies depart completely from those of the franc area? Can the three steps of the stages heuristic approach of public policy analysis provide a theoretical framework to understand the progresses toward the end of the franc area?
We first pointed at the "muddling through"...
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