2007

Toward Maghreb monetary unification: what does the theory and history tell us?

Chrysost Bangake, Aram Belhadj and Nabil Jedlane
African Review of Money Finance and Banking 2007, pp. 7-37

Since the beginning of the decade, numerous economic and monetary unification projects have aroused a lot of interest. The reinforcement of economic and monetary integration, especially in Europe, has set a trend for the creation of a monetary union [...]

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Previsibilité des rentabilités boursieres: cas de la BRVM

N’Dri Konan Léon
African Review of Money Finance and Banking 2007, pp. 39-54

The objective of this paper is to study the weak form efficiency hypothesis on the regional stock exchange for the West African States by examining whether past returns can help in predicting futures returns over the period 2 January 2002 to 31 [...]

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De la crédiblité de la politique monétaire en Tunisie: pourquoi et comment?

H. Miniaoui, M. Hergli and A. Martens
African Review of Money Finance and Banking 2007, pp. 55-77

The object of this paper is to determine an optimal rule of monetary policy for a small open economy. We introduced the uncovered interest parity to the model of Ball (1999). The coefficients obtained of the rule are lower than those found by Ball [...]

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The relationship between stock prices and macroeconomic factors in the Nigerian stock market

Rufus Ayodeji Olowe
African Review of Money Finance and Banking 2007, pp. 79-98

This paper examines the dynamic equilibrium relationship between a group of macroeconomic variables and the Nigerian Stock Exchange index, using Johansen’s (1991) vector error correction model. The macroeconomic variables investigated include the [...]

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The small and medium scale industries equity investment scheme in Nigeria: a critique

Chibuike U. Uche and Chide Ojiakor
African Review of Money Finance and Banking 2007, pp. 99-118

The introduction of the Small and Medium Scale Industries Equity Investment Scheme in Nigeria represents the most recent experiment aimed at promoting this sector of the economy that is vital for sustained economic development in the country. This [...]

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