Meeting the Challenges of Macroeconomic Convergence Criteria in the Second West Africa Monetary Zone (WAMZ): The Case of Nigeria |
Contents
Monetary Integration in Theory and Practice | 5 |
Objectives and Rationale of the Study | 17 |
Factors Affecting the Rate of Progress towards | 39 |
Copyright | |
1 other sections not shown
Common terms and phrases
Abuja achieve Africa Monetary Zone analysis Bank of Nigeria budget deficit budget deficit/GDP ratio CE(s cent of GDP central bank financing cointegrating equation(s common currency crude oil debt stock Denotes rejection domestic economic and monetary ECOWAS ensure euro export external reserves F-Statistic fiscal deficit fiscal policy Gambia Ghana Granger Cause Gross Domestic Product Guinea hypothesis implementation improved indicates 2 cointegrating inflation rate interest rates investment Lesotho Maastricht Treaty Macroeconomic Convergence macroeconomic performance macroeconomic stability macroeconomic variables meeting the convergence member countries monetary integration monetary policy monetary union Monetary Zone WAMZ months of imports Namibia optimum currency area output growth performance period primary and secondary primary criteria programme Rand Zone real exchange rate regional secondary convergence criteria secondary criteria sector Sierra Leone single currency single digit subregion Swaziland target tax revenue terms of trade test indicates Trade Shocks trends UEMOA WAMZ countries WAMZ economies West African Monetary