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Financial market convergence and int...

Tibui, Joseph Louis Tantoh.

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Financial market convergence and integration in the CFA Franc zones.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Financial market convergence and integration in the CFA Franc zones./
Author:	Tibui, Joseph Louis Tantoh.
Description:	84 p.
Notes:	Source: Dissertation Abstracts International, Volume: 77-03(E), Section: A.
Contained By:	Dissertation Abstracts International77-03A(E).
Subject:	Business administration. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3728474
ISBN:	9781339139234

Financial market convergence and integration in the CFA Franc zones.
Tibui, Joseph Louis Tantoh.

Financial market convergence and integration in the CFA Franc zones. - 84 p.

Source: Dissertation Abstracts International, Volume: 77-03(E), Section: A.

Thesis (D.B.A.)--Alliant International University, 2016.

The 14 countries in the CFA Franc (Communaute Financiere Africaine ) zones have a single currency, a fixed exchange regime and two economic and monetary unions (zones), one in West Africa and one in Central Africa with the currency now anchored to the euro. The CFA Franc zones have established convergence criteria that mimic the convergence criteria of the Euro zone to achieve financial market convergence. By use of the term structure of interest rates we construct radar diagram movies to observe dynamically and visually the financial market convergence and integration in the CFA Franc zones. We conclude that considerable financial convergence and integration has been achieved in the West CFA Franc zone like in Euro zone and in NAFTA. But that financial convergence is lagging behind in the Central CFA Franc zone. The theoretical basis of the research is financial arbitrage using the statistical distribution of the term structure of interest rates. Financial market convergence is calculated by analyzing the interest rate differentials. Sufficient convergence will lead to the narrowing of the interest differentials over time and opening up the possibility of a forward spot exchange rate in the CFA Franc zones, calming the fears of introducing an alternate exchange rate system.

ISBN: 9781339139234Subjects--Topical Terms:

3168311
Business administration.

Financial market convergence and integration in the CFA Franc zones.
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100 1 $a Tibui, Joseph Louis Tantoh. $3 3181906
245 1 0 $a Financial market convergence and integration in the CFA Franc zones.
300 $a 84 p.
500 $a Source: Dissertation Abstracts International, Volume: 77-03(E), Section: A.
500 $a Adviser: Cornelis A. Los.
502 $a Thesis (D.B.A.)--Alliant International University, 2016.
520 $a The 14 countries in the CFA Franc (Communaute Financiere Africaine ) zones have a single currency, a fixed exchange regime and two economic and monetary unions (zones), one in West Africa and one in Central Africa with the currency now anchored to the euro. The CFA Franc zones have established convergence criteria that mimic the convergence criteria of the Euro zone to achieve financial market convergence. By use of the term structure of interest rates we construct radar diagram movies to observe dynamically and visually the financial market convergence and integration in the CFA Franc zones. We conclude that considerable financial convergence and integration has been achieved in the West CFA Franc zone like in Euro zone and in NAFTA. But that financial convergence is lagging behind in the Central CFA Franc zone. The theoretical basis of the research is financial arbitrage using the statistical distribution of the term structure of interest rates. Financial market convergence is calculated by analyzing the interest rate differentials. Sufficient convergence will lead to the narrowing of the interest differentials over time and opening up the possibility of a forward spot exchange rate in the CFA Franc zones, calming the fears of introducing an alternate exchange rate system.
590 $a School code: 1634.
650 4 $a Business administration. $3 3168311
650 4 $a Finance. $3 542899
650 4 $a African studies. $3 2122725
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710 2 $a Alliant International University. $3 3178281
773 0 $t Dissertation Abstracts International $g 77-03A(E).
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793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3728474