Macroeconomic convergence in the West African monetary zone: Evidence from rank tests

Authors

  • Emmanuel Numapau Gyamfi Ghana Institute of Management and Public Administration (GIMPA)
  • Anokye Mohammed Adam School of Business, University of Cape Coast
  • Emily Frimpomaa Appiah Central University

DOI:

https://doi.org/10.17811/ebl.8.4.2019.191-198

Abstract

This article examined convergence of inflation and exchange rates in six (6) West African countries that make up the West African Monetary Zone (WAMZ). A non-parametric rank and score test was employed in the analysis. The results show that inflation and nominal exchange rates of Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone are converging. The findings have practical implications.

Author Biographies

Emmanuel Numapau Gyamfi, Ghana Institute of Management and Public Administration (GIMPA)

Finance and Accounting

Anokye Mohammed Adam, School of Business, University of Cape Coast

Finance

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Published

18-12-2019

How to Cite

Gyamfi, E. N., Adam, A. M., & Appiah, E. F. (2019). Macroeconomic convergence in the West African monetary zone: Evidence from rank tests. Economics and Business Letters, 8(4), 191–198. https://doi.org/10.17811/ebl.8.4.2019.191-198

Issue

Vol. 8 No. 4 (2019): December

Section

Articles

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