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• W1799565541 abstract "In this paper we empirically investigate a possible transmission of the European business cycle to Sub-Saharan Africa's economies. This linkage may be of interest because the EMU is the main trading partner of African countries, and many of these countries use the euro as either the official or a de facto anchor in order to keep the exchange rate fixed or stable. After identifying possible theoretical channels of transmission, we test whether the relevant economic variables in Africa are sensitive to the fluctuations of European economic activity. Using either a Euro area GDP series or a Stock and Watson approach in order to build indicators of economic fluctuations in the EMU, we find limited transmission of these fluctuations to Sub-Saharan Africa despite the appealing theoretical linkages between the two areas. The most important relationship we manage to disentangle is between the European and African monetary policies." @default.
• W1799565541 created "2016-06-24" @default.
• W1799565541 creator A5009765604 @default.
• W1799565541 creator A5066880771 @default.
• W1799565541 date "2005-08-01" @default.
• W1799565541 modified "2023-09-27" @default.
• W1799565541 title "North-South Asymmetric Relationships : Does the EMU Business Cycle Affect Small African Economies ?" @default.
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• W1799565541 hasPublicationYear "2005" @default.
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