Project on Macroeconomic and Financial Stability in Developing Economies: Country and Currency unions in Subsaharan Africa

We study the macroeconomic structure of African countries that belong to the same currency or country union or who are planning to join together in such a union. A special focus has been set on studying the formation, current situation and possible evolutions of certain country unions such as the West African Economic and Monetary Union, the West African Monetary Zone, the Economic Community of West African States and the East African Community, the Southern African Community for Development. For this purpose we use recent econometric techniques based on Time Series Analysis such as Fractional Integration and Cointegration.


This project is led by Prof. Luis A. Gil-Alaña.