Abstract
Abstract This paper analyses the feasibility of Eco currency to be introduced in fifteen West African states based on political, legal, social, and cultural factors. It aims to examine the core institutions underpinning the creation of the Eco currency and how they can best be designed to achieve the objectives of the single currency. The paper utilises a normative approach to analyse the institutions of the Economic Community of West African States (ECOWAS) to decipher the strengths of these institutions in creating and sustaining the single currency. Most studies on Eco currency have analysed the feasibility of Eco based on economic considerations. While economic factors are pertinent to creating a single currency, this paper highlights the importance of effective political, legal, and socio-cultural institutions to harness economic considerations for the common currency to be successful launched. This paper postulates that only effective and well-designed institutions can lead to a successful launch of the Eco currency.
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