Herman, Moshi Optat; Wandschneider, Kirsten; Warin, Thierry - In: The African Finance Journal 13 (2011) 1, pp. 1-13
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...