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Monetary Integration Theoretical Background
Empirical Analysis of Risks to WAMZ Economies
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Abuja Accra adopted African Central Bank African Monetary Zone Authority of Heads average Bank of Ghana budget budgetary capital cent of GDP central bank financing Committee of Governors common currency Conakry contributions Convergence Council convergence criteria convergence process criterion decline domestic revenue Eco currency economic ECOWAS ensure expenditure exports external debt external reserves external sector fiscal deficit fiscal policy foreign exchange market Forum framework Fund Gambia Ghana Gross International Reserves harmonisation implementation import cover improved increased inflation rate interest rate macroeconomic convergence medium term meeting member countries million monetary policy monetary union months of imports Naira Nigeria operations Optimum Currency Areas overall performance primary criteria private sector projected ratio real exchange rate real GDP growth review period secondary criteria shocks Sierra Leone stability sustained Table target tax revenue terms of trade Total trend WAEMU WAFSA WAMI WAMZ countries WAMZ programme WAMZ Secretariat West African Monetary