The Ecowas zone

The paper examines the proposed Economic and Monetary Union for ECOWAS sub-region and provide a comprehensive evidence based on European Union experience of what ECOWAS common currency stand to gain in terms of both Intra and Inter flow of FDI. Evidence from the reviewed literature revealed that; single currency, research and development, trades and consequent exchange rate stability are the main factors that have been aiding FDI flows within the euro-zone.

8p nguyenminhlong19 21-04-2020 14 1   Download

The purpose of this study is to determine the synchronous or asynchronous nature of movements in the exchange rate yields of the various ECOWAS currencies. This analysis uses the dynamic conditional correlation model recently developed by [1]. The use of this methodology is mainly due to the non-constancy of the volatility of the financial series. Moreover, this characteristic of volatility remains natural for a small, very open economy, which is also subject to a multiplicity of exogenous shocks.

17p chauchaungayxua2 19-01-2020 11 2   Download