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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aWhat is Fuzzy About Clustering in West Africa? /$fMahvash Qureshi, Charalambos Tsangarides
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (45 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311   $a1-4518-6350-0 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. METHODOLOGY""; ""IV. DATA AND VARIABLES""; ""V. EMPIRICAL RESULTS""; ""VI. CONCLUSION AND POLICY IMPLICATIONS""; ""References""
330 3 $aApplying techniques of clustering analysis to a set of variables suggested by the convergence criteria and the theory of optimal currency areas, this paper looks for country homogeneities to assess membership in the existing and proposed monetary unions of the broader west African region. Our analysis reveals considerable dissimilarities in the economic characteristics of the countries in west and central Africa. In particular, the West African Monetary Zone (WAMZ) countries do not form a cluster with the West Africa Economic and Monetary Union (WAEMU) countries; and, within the WAMZ, there is a significant lack of homogeneity. Furthermore, when west and central African countries are considered together, we find significant heterogeneities within the CFA franc zone, and some interesting similarities between the Economic and Monetary Community of Central Africa (CEMAC) and WAMZ countries. Overall, our findings raise some questions about the geographical boundaries of several existing and proposed monetary unions.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/090
606   $aMonetary unions$zAfrica, West$xEconometric models
606   $aMoney$zAfrica, West
606   $aExports and Imports$2imf
606   $aForeign Exchange$2imf
606   $aMacroeconomics$2imf
606   $aFinancial Aspects of Economic Integration$2imf
606   $aEmpirical Studies of Trade$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aInternational economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aEconomic growth$2imf
606   $aMonetary unions$2imf
606   $aTerms of trade$2imf
606   $aExchange rates$2imf
606   $aReal exchange rates$2imf
606   $aBusiness cycles$2imf
606   $aEconomic policy$2imf
606   $anternational cooperation$2imf
607   $aNigeria$2imf
615  0$aMonetary unions$xEconometric models.
615  0$aMoney
615  7$aExports and Imports
615  7$aForeign Exchange
615  7$aMacroeconomics
615  7$aFinancial Aspects of Economic Integration
615  7$aEmpirical Studies of Trade
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aInternational economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aEconomic growth
615  7$aMonetary unions
615  7$aTerms of trade
615  7$aExchange rates
615  7$aReal exchange rates
615  7$aBusiness cycles
615  7$aEconomic policy
615  7$anternational cooperation
700   $aQureshi$b Mahvash$01610664
701   $aTsangarides$b Charalambos$01462110
712 02$aInternational Monetary Fund.$bAfrican Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910823061703321
996   $aWhat is Fuzzy About Clustering in West Africa$93957655
997   $aUNINA