The capital market plays a significant role in the development of an economy and hence an important determinant of regionalisation and single currency area formation. Stock and other capital markets have been found to predict and promote economic activities. The equity markets have been found to...

As West African Monetary Zone (WAMZ), in Africa is working hard to achieve convergence criteria as a sign of readiness of the five aspiring member states. The issue of similarity of behaviour of macroeconomic indicators has become very important. This paper examines the long term sustainability...