The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods.

The study offers a number of conclusions as to the relevance for southern Africa of the various regionalization models. Both theory and experience show that the trade integration model is badly equipped to be the basis for regionalization in Africa, as the production structure of most African...

The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries.

We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation, as external agency of restraint and in...

This paper positions itself among the very rare microeconomic analyses on the consequences of civil war. Up to now, most analyses on this topic are based upon household surveys. The originality of the present study is that it investigates for the first time the likely predominant route by which...