Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil …-law) and religious dominations (Christianity and Islam). We examine convergence in financial intermediary dynamics of depth … size respectively. We also provide the speeds of convergence and time necessary to achieve a full (100%) convergence …

Africa is facing stiff challenges in the timing of monetary convergence, the imperative of central bankers to apply common … fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East … panel GMM estimation with data from different non-overlapping intervals is employed. The implied rate of convergence and the …

policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East Africa is … facing stiff challenges in the timing of monetary convergence, the imperative of bankers to apply common modeling and … at macro and micro levels. Findings - Findings suggest overwhelming lack of convergence: (1) initial conditions for …

. We also provide the speed of convergence and time required to achieve a 100% convergence. Findings - But for financial … intermediary size within the CFA zone, findings for the most part support only unconditional convergence. There is no form of … convergence within the CEMAC zone. Practical implications - The broad insignificance of conditional convergence results have …

by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i) positive …

financial sector competition in Africa using updated data to appraise second generation reforms. The 'freedom to trade' and …

financial systems), efficiency (banking and financial systems), activity (banking and financial systems) and size, play out in …

-crisis period. Fourth, the net effect from the: pre-crisis period is lower on money supply and banking system efficiency; post …

dimensions identified by the Financial Development and Structure Database of the World Bank. The findings consistently reveal: (i …