The objective of this paper is first to verify the assumption of decoupling or no decoupling of African economic conjunctures and international economic shocks. Our study has tested this assumption in 15 African countries using a SVAR model for the period 1970-2007 and the results suggest that...

The purpose of this paper is to provide a framework to analyze the feasibility of an economic and monetary union in Africa with a common currency. In this context, the present study has two objectives. The first one is to analyze the impacts of the international income, price and monetary shocks...