Alagidede, Paul; Tweneboah, George; Adam, Anokye M. - In: International Journal of Business and Economics 7 (2008) 3, pp. 181-198
We investigate nominal exchange rates and nominal price convergence in the West African Monetary Zone. Using data for the first quarter of 1974 through the first quarter of 2007, we find that real exchange rates in The Gambia, Ghana, Nigeria, and Sierra Leone follow a random walk. Further, we...
