Economic Integration in West Africa: Does the CFA Make a Difference?

In this paper we use data from 17 African nations in order to investigate the hypothesis that monetary union – represented in this case by the CFA Franc Zone – augments the extent of macroeconomic integration in developing countries. The paper covers a number of dimensions of integration including the volume of bilateral trade, real exchange rate volatility and the magnitude of cross-country business cycle correlation.

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Year of publication:	2003-04
Authors:	Fielding, David ; Shields, Kalvinder
Institutions:	Department of Economics, Leicester University
Subject:	Monetary Union \| Africa \| Trade \| Business Cycles

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Extent:	application/pdf
Series:	Discussion Papers in Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 03/8
Classification:	E39 - Prices, Business Fluctuations, and Cycles. Other ; F15 - Economic Integration ; F49 - Macroeconomic Aspects of International Trade and Finance. Other ; O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005385073