Dynamic Macroeconomic Convergence in the West Africa Monetary Zone (WAMZ)

Anokye M. Adam, Daniel Agyapong, Emmanuel Numapau Gyamfi


The paper empirically investigates the issue of macroeconomic convergence in the West Africa Monetary Zone (WAMZ) using monthly data from 1990:01 to 2010:05 as part of the ongoing discussion on the single currency for West Africa, The ECO initiative. The study specifically examines exchange and inflation rates convergence and finds no evidence of convergence in inflation in the WAMZ and little support for convergence in exchange rate. The findings imply that WAMZ is not ready for a single currency and that the decision to postpone the introduction of the Eco to 2015 is in a right direction. The possibility of introducing the ECO requires a change of macroeconomic policy direction of member countries due to evidence of divergence in inflation across the region and higher distance to convergence. Key words: macroeconomic convergence; West Africa Monetary Zone

Full Text:


DOI: http://dx.doi.org/10.3968/j.ibm.1923842820100101.006


  • There are currently no refbacks.

Copyright (c)

Share us to:   


  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.

We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; ibm@cscanada.net; ibm@cscanada.org

 Articles published in International Business and Management are licensed under Creative Commons Attribution 4.0 (CC-BY).


Address: 1055 Rue Lucien-L'Allier, Unit #772, Montreal, QC H3G 3C4, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net Http://www.cscanada.org 

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures