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Record Nr. |
UNINA9910823061703321 |
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Autore |
Qureshi Mahvash |
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Titolo |
What is Fuzzy About Clustering in West Africa? / / Mahvash Qureshi, Charalambos Tsangarides |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-8512-5 |
1-4527-2189-0 |
1-283-51816-3 |
1-4519-0885-7 |
9786613830616 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (45 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Monetary unions - Africa, West - Econometric models |
Money - Africa, West |
Exports and Imports |
Foreign Exchange |
Macroeconomics |
Financial Aspects of Economic Integration |
Empirical Studies of Trade |
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
International economics |
Currency |
Foreign exchange |
Economic growth |
Monetary unions |
Terms of trade |
Exchange rates |
Real exchange rates |
Business cycles |
Economic policy |
nternational cooperation |
Nigeria |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. METHODOLOGY""; ""IV. DATA AND VARIABLES""; ""V. EMPIRICAL RESULTS""; ""VI. CONCLUSION AND POLICY IMPLICATIONS""; ""References"" |
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Sommario/riassunto |
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Applying techniques of clustering analysis to a set of variables suggested by the convergence criteria and the theory of optimal currency areas, this paper looks for country homogeneities to assess membership in the existing and proposed monetary unions of the broader west African region. Our analysis reveals considerable dissimilarities in the economic characteristics of the countries in west and central Africa. In particular, the West African Monetary Zone (WAMZ) countries do not form a cluster with the West Africa Economic and Monetary Union (WAEMU) countries; and, within the WAMZ, there is a significant lack of homogeneity. Furthermore, when west and central African countries are considered together, we find significant heterogeneities within the CFA franc zone, and some interesting similarities between the Economic and Monetary Community of Central Africa (CEMAC) and WAMZ countries. Overall, our findings raise some questions about the geographical boundaries of several existing and proposed monetary unions. |
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