Collective Pegging to a Single Currency: The West African Monetary Union

Jorge Braga de Macedo, Economic Adjustment and Exchange Rates in Developing Countries (University of Chicago Press, 1986), chap. 10, https://www.nber.org/books-and-chapters/economic-adjustment-and-exchange-rates-developing-countries/collective-pegging-single-currency-west-african-monetary-union.