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Ecowas common currency : how prepared are its members?

Mati, Sagiru; Civcir, İrfan; Ozdeser, Hüseyin - In: Investigación económica : revista de la Faculdad de … 78 (2019) 308, pp. 89-119

This study operationalizes the Optimum Currency Area (OCA) to investigate the preparedness of Economic Community of West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the sample 1988:01 to 2017:12 for the former and 1967 to 2016...

Persistent link: https://www.econbiz.de/10012016723

Role of central bank independence on monetary integration and business cycle synchronization in the Economic Community of West African States

Diendere, Louis-Joel Basneouinde; Diendere, Achille Augustin - In: Cogent economics & finance 12 (2024) 1, pp. 1-22

This article examines the effects of monetary integration on the synchronization of the business cycle within ECOWAS (Economic Community of West African States) and contributes to the economic literature dealing with these aspects. First, the indicators of de facto and de jure central bank...

Persistent link: https://www.econbiz.de/10015334584

Is monetary integration economically viable in the Economic Community of West African States?

Agboola, Olayode W.; Olayeni, Olaolu Richard - In: West African journal of monetary and economic integration 22 (2022) 1, pp. 1-32

The introduction of a common currency in the Economic Community of West African States (ECOWAS) has been the subject of extensive research over the past couple of decades, with extant issues ranging from viability and feasibility to sustainability of monetary integration in the region. This...

Persistent link: https://www.econbiz.de/10014513789

International trade and business cycle synchronization in Poland, the European Union and the Euro Zone

Misztal, Piotr - In: Contemporary economics 7 (2013) 3, pp. 65-78

convergence and divergence (decoupling) in the European Union, especially in the Euro Zone. One of the factors determining … and the Euro Zone from 1995 to 2011. The analytical methods employed here encompass a review of the literature on …

Persistent link: https://www.econbiz.de/10010228503

Impact of Eurozone financial shocks on Southeast Asian economies

Menon, Jayant; Ng, Thiam Hee - 2013

Five years after the Global Financial Crisis, the economies of the United States (US) and the eurozone continue to struggle. How will Southeast Asian economies be affected should there be a further deterioration in conditions in the eurozone? In this paper, we present estimates using a Global...

Persistent link: https://www.econbiz.de/10009781291

Real convergence in Europe: A cluster analysis

Monfort, Mercedes; Cuestas, Juan Carlos; Ordóñez, Javier - In: Economic Modelling 33 (2013) C, pp. 689-694

In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to test whether there … is evidence of club convergence in the EU, i.e. divergence in GDP per worker. Evidence in favour of cluster or club … turmoil in the euro zone. The results show evidence of different economic growth rates within Europe, which also converge to …

Persistent link: https://www.econbiz.de/10011048891

The role of the United States in the global economy and its evolution over time

Dées, Stéphane; Saint-Guilhem, Arthur - 2009

This paper aims at assessing the role of the United States in the global economy and its evolution over time. The emergence of large economic players, like China, is likely to have weakened the role of the U.S. economy as a driver of global growth. Based on a Global VAR modelling approach, this...

Persistent link: https://www.econbiz.de/10003832378

The Role of the United States in the Global Economy and Its Evolution over Time

Dées, Stéphane - 2009

Persistent link: https://www.econbiz.de/10012764530

Business cycle synchronisation in the ECOWAS region

Egbuna, Ngozi Eunice; John-Sowe, Maimuna; Kargbo, … - 2020

Countries of the Economic Community of West African States (ECOWAS) are heterogeneous, characterized by marked differences in production and export structures, divergent levels of inflation rates and fiscal positions. These features suggest that there is a greater tendency for the transmission...

Persistent link: https://www.econbiz.de/10013342069

Real convergence in Europe : a cluster analysis

Cuestas, Juan Carlos; Monfort, Mercedes; Ordóñez, Javier - 2012

Persistent link: https://www.econbiz.de/10009663417