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Can Inflation in WAMZ Converge without Monetary Policy Coordination?

Emmanuel Balogun ()

Chapter 1 in Regional Integration and Policy Challenges in Africa, 2015, pp 23-42 from Palgrave Macmillan

Abstract: Abstract A precondition for the introduction of a common currency (the Eco) to the West African Monetary Zone (WAMZ) is sustained low inflation in its member countries of Gambia, Ghana, Guinea, Nigeria, and Sierra Leone. It is generally expected that these countries will pursue ex ante independent monetary policies capable of narrowing inflation differentials and fostering convergence around a single digit.

Keywords: exchange rate; inflation differentials; panel data; price convergence; WAMZ members (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46208-4_2

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DOI: 10.1057/9781137462084_2

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