The ECOWAS in a quest to form a currency union prompted the set out nominal convergence criteria for member states. The study seeks to delineate the importance of the nominal convergence criteria to ensure price and exchange rate stability. In this context, the revised ECOWAS convergence...

Currency union with a common policy is welfare superlative to the use of sovereign currencies even if a member of the East African Community uses a convertible currency. In this background, the study evaluates whether adopting a common currency will lead to trade using an augmented gravity model...

The West African sub-region experienced the World’s largest Ebola outbreak after its maiden outbreak in Central Africa. In this background, economic activities were heavily affected hence intra-regional trade shares of affected countries. Given this, the study seeks to investigate the effect...

The East African Community (EAC) is in a quest to integrate further to form a currency union. However, empirical evidence has shown that policies initiated as a panacea have failed due to weak institutions. In this background, the study seeks to investigate the role of existing institutions on...

The East African Community (EAC) is in a quest to integrate further to form a currency union. However, empirical evidence has shown that policies initiated as a panacea have failed due to weak institutions. In this background, the study seeks to investigate the role of existing institutions on...

The West African sub-region experienced the World’s largest Ebola outbreak after its maiden outbreak in Central Africa. In this background, economic activities were heavily affected hence intra-regional trade shares of affected countries. Given this, the study seeks to investigate the...

Formal currency union with a common policy is welfare superlative to formal currency union due to relatively greater transparency. The study evaluates whether adopting a common currency will lead to trade. Additionally, the study estimates whether countries are under trading or overtrading to...

Institutions and infrastructure are key to stimulate trade flows and economic growth. This study seeks to investigate the role of institutions on trade in the Economic Community of West African States. Additionally, the study investigates the impact of trade and transport infrastructure. The...

Currency union feasibility is the major topic of discourse in most developing economies especially based on the Optimal Currency Area theory. Given this, developing countries have peculiar characteristics that favour the feasibility of forming a currency union that is not accounted for based on...

Currency union is viewed as a panacea for struggling economies with West Africa in their quest to adopt a common currency. However, despite the rattling efforts and measures laid down, the policy seems unrealistic and deemed to fail. The study empirically evaluates whether adopting a common...