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Exchange Rate Behaviour: Implication for West African Monetary Zone

Daniel Agyapong () and Anokye Adam
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Daniel Agyapong: University of Cape Coast

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2012, vol. 2, issue 4, 215-228

Abstract: As West African Monetary Zone (WAMZ), in Africa is working hard to achieve convergence criteria as a sign of readiness of the five aspiring member states. The issue of similarity of behaviour of macroeconomic indicators has become very important. This paper examines the long term sustainability of the union by examining the dynamics of exchange rates behaviour of the candidate countries within zone using Fractional Integration (FI) methods. Policy implications are discussed and possible outstanding policy questions are also raised.

Keywords: Exchange Rates behaviour; WAMZ; Stationarity; Fractional Integration (search for similar items in EconPapers)
JEL-codes: F15 F34 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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