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Author: | Fielding, D. Shields, K. |
Title: | The impact of monetary union on macroeconomic integration: evidence from West Africa |
Journal: | Economica
2005 : NOV, VOL. 72:288, p. 683-704 |
Index terms: | macroeconomics monetary integration Africa |
Language: | eng |
Abstract: | This study uses data from 19 African nations to investigate the hypothesis that monetary union - represented in this case by the CFA Franc Zone - augments the extent of macroeconomic integration. Two key dimensions of integration are covered: the volume of bilateral trade and the magnitude of cross-country business cycle correlation. |
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