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A comparative analysis of exchange rate volatility in the West African Monetary Zone

Onanuga, Abayomi Toyin; Onanuga, Olaronke Toyin - In: CBN journal of applied statistics 6 (2015) 2, pp. 161-185

This study employs measures of variability and three GARCH models to comparatively explore the behaviour of exchange rate volatility of the currencies in the West African Monetary Zone (WAMZ) for the period 1960M01-2011M12. The study selects a sub-sample period of 2000M1 to 2011M12 to...

Persistent link: https://www.econbiz.de/10011470693

REER imbalances and macroeconomic adjustments in the proposed West African Monetary Union

Asongu, Simplice A. - 2013

With the spectre of the Euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyze REERs imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed...

Persistent link: https://www.econbiz.de/10011409926

Fixed Exchange Rates and the Autonomy of Monetary Policy : The Franc Zone Case

Veyrune, Romain - 2007

This paper compares monetary policy of currency boards with that of the franc zone during the period 1956-2005. It concludes that monetary policy in the zone was more autonomous than under a currency board, even though both systems faced the same exchange rate constraint. So far, the contingency...

Persistent link: https://www.econbiz.de/10012777067

REER Imbalances and Macroeconomic Adjustments in the Proposed West African Monetary Union

Asongu, Simplice - 2015

Persistent link: https://www.econbiz.de/10013032550

Pegging the Future West African Single Currency in Regards to Internal/External Competitiveness : A Counter Factual Analysis

Dufrenot, Gilles - 2010

This paper compares different nominal anchors in the case of a fixed exchange rate regime for the future single regional currency of the Economic Community of the West African States (ECOWAS). We study the anchor choice when the countries focus the exchange rate policy to promote internal and...

Persistent link: https://www.econbiz.de/10013147038

Les Instruments Et Techniques De Couverture Du Risque De Change Et De Prix Dans L’Uemoa : Revue Des Dispositions De La Bceao Et Leurs Applications (The Instruments and Techniques o...

Toudeka, Elikplim - 2013

Le développement du commerce et des transactions financières à l'international expose les opérateurs économiques de l'UEMOA — Union Economique Monétaire Ouest Africaine, au risque de change et de prix. Pour permettre aux agents économiques de mieux se protéger contre ces risques, les...

Persistent link: https://www.econbiz.de/10013080578

Exchange Rate Volatility and Foreign Direct Investment in Selected West African Countries

Akinlo, Anthony Enisan; Gbenga Onatunji, Olufemi - 2021

This paper empirically investigates the exchange rate volatility-FDI nexus in selected Economic Community of West African Sates (ECOWAS) countries using time series data from 1986-2017. Using Autoregressive Distributed Lag (ARDL) model and Toda-Yamamoto (1995) causality techniques, the effects...

Persistent link: https://www.econbiz.de/10013323945

Influence of real exchange rate on the finance-growth nexus in the West African region

Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21

This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in the West African region. It also determines the marginal effects of financial development on economic growth at various levels of the real exchange rates and its volatility. The...

Persistent link: https://www.econbiz.de/10012020497

Economic stabilisation and performance in West Africa : the role of fiscal and monetary policy

Mesagan, Ekundayo P.; Yusuf, Ismaila A. - 2019

The study examines the impact of fiscal and monetary policy on economic performance and stabilisation in Nigeria, Gambia, and Ghana between 1980 and 2017. In the study, the real gross domestic product and the exchange rate are used to proxy economic performance and economic stabilisation...

Persistent link: https://www.econbiz.de/10012137607

Money, Wages and Inflation in Middle-Income Developing Countries

Agenor, Pierre-Richard - 2006

output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal … historical wage shocks are shown to have an important effect on movements in inflation only in Mexico. Generalized impulse … reduction in output. Inflation increases in all countries, particularly Mexico. A positive shock to nominal money growth raises …

Persistent link: https://www.econbiz.de/10012781571