The book provides a detailed analysis of the nature and determinants of finance and trade and their relationship with Africa’s competitiveness. Investment is examined in its various forms (financial vs. physical), and sources (private, public, domestic and FDI), as well as its relation to the...

Part 1: Introducing Regional Integration.-The Economic Value of Regional Integration in Africa -- Current Account Im(balances) and Adjustments to Targets for Regional Integration in West Africa: One Step Forward, Two Steps Backwards -- Obstacles to Strengthening Economic Integration in the West...

This book examines the impact of financing on Africa’s economic development. By exploring various financial instruments including the role of alternative sources of funding like migrant remittances and illicit flows, it analyses the role of financing for Africa’s macroeconomic development...

The New Partnership for Africa’s Development (NEPAD) is the brainchild of African Heads of State. It is the synthesis of a number of independently developed initiatives aimed at achieving the common goal of setting a course of action that will result in rapid growth and development for Africa....

This paper investigates the degree of substitutability between securitized real estate assets and real estate assets whose prices are appraisal-based. Given the insensitivity of unsecuritized asset's returns to the returns on stock market indices, equilibrium asset pricing models cannot be used...