Over the period 1980-2008, the price of crude oil had fluctuated significantly, with a mean, minimum and maximum values of $ 32.31 (bbl), $ 12.72 (bbl) and $ 140 (bbl) respectively. The above statistics, in addition to a standard deviation of 17.08 over the sample period show that the prices of crude have always been […]
The ECOWAS Monetary Co-operation Programme (EMCP) aims to establish a monetary union which is defined as a group of two or more countries sharing a common currency managed by an autonomous monetary authority (in the strict sense) or a mechanism whereby all domestic currencies are convertible one to the other. The desire to establish a […]
This report, which is done within the framework of executing WAMA work programme, presents an analysis of the economic and financial situation worldwide and within the Economic Community of West African States (ECOWAS) in 2007 and projections for 2008. This analysis leads to an assessment of the level of convergence and compliance with major economic […]
The year 2007 was one of the most challenging in the annals of the West African Monetary Agency. The Agency faced certain administrative and financial problems that culminated in a change in management during the last quarter of the year. Notwithstanding the operational encumbrances, the activities of the Agency proceeded in accordance with the 2007 […]
For some years now, there has been a flurry of literature on exchange rate trends in countries that are seeking to joint a monetary union. In fact, the use of direct criteria such as exchange rate volatility is in response to weak empirical validation of traditional criteria on optimum monetary zones. Economists that have worked […]
INTRODUCTION Developments in the world economic environment The interest in providing an overview of the international environment is to assess opportunities opened to the country as well as constraints that had adverse effect on the national economy. At this level, an analysis on the following aspects is expected: An analysis of trends in world demand […]
