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{ "pk": 54275, "title": "When Unification Creates Hierarchies or, The Deadly Life of Currency Unions", "subtitle": null, "abstract": "The picture of holding the same money in our hands across borders has time and again served as a symbol of unity, while its divisive potential often disappears behind a veil of hope. Real monetary solidarity—the necessary flip side of Pan-African trade and development—requires more than a simplistic plaster of neoliberal currency unions. The time is now to counter the US dollar dominance, and discussions of South-South monetary solidarity are many—from the Pan-African Payment and Settlement System (PAPSS), the West African eco, the East African Monetary Union (EAMU), to a potential sur in Latin America and a move away from the petrodollar system. This contribution outlines a continuum of monetary unification systems and stresses the fundamental nature of political commitment to solidarity across monetary, productive, social, and political frontiers in order to achieve monetary unification as a stepping-stone to Pan-African unity.", "language": "en", "license": { "name": "", "short_name": "", "text": null, "url": "https://creativecommons.org/licenses/by-nc-sa/4.0" }, "keywords": [ { "word": "Pan-Africanism, monetary sovereignty, currency unions, African payment systems, monetary delinking" } ], "section": "Symposium", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/0fh129hz", "frozenauthors": [ { "first_name": "Carla", "middle_name": "", "last_name": "Coburger", "name_suffix": "", "institution": "", "department": "" } ], "date_submitted": "2023-12-07T19:43:00Z", "date_accepted": "2023-12-07T19:43:00Z", "date_published": "2023-12-07T08:00:00Z", "render_galley": null, "galleys": [ { "label": "", "type": "pdf", "path": "https://journalpub.escholarship.org/lawandpoliticaleconomy/article/54275/galley/41011/download/" } ] }