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 …