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Exchange Rate Behaviour: Implication for West African Monetary Zone

  • Daniel Agyapong

    ()

    (University of Cape Coast)

  • Anokye M. Adam

    ()

    (University of Cape Coast)

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 of the union by examining the dynamics of exchange rates behaviour of the candidate countries within zone using Fractional Integration (FI) methods. Policy implications are discussed and possible outstanding policy questions are also raised.

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Article provided by Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences in its journal International Journal of Academic Research in Accounting, Finance and Management Sciences.

Volume (Year): 2 (2012)
Issue (Month): 4 (October)
Pages: 215-228

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Handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:215-228
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