African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 3976

Full Length Research Paper

Exchange rate dynamics and monetary unions in Africa: A fractional integration and cointegration analysis

Luis A. Gil-Alana
  • Luis A. Gil-Alana
  • University of Navarra, Faculty of Economics, Pamplona, Spain.
  • Google Scholar
Borja Balparda
  • Borja Balparda
  • University of Navarra, Faculty of Economics, Pamplona, Spain.
  • Google Scholar
Guglielmo Maria Caporale
  • Guglielmo Maria Caporale
  • Department of Economics and Finance, Brunel University, London, UB8 3PH, UK.
  • Google Scholar


  •  Received: 28 April 2015
  •  Accepted: 28 September 2015
  •  Published: 28 November 2015

How to cite this article

APA /
Balparda, B., Caporale, G. M., & Gil-Alana, L. A. (2015). Exchange rate dynamics and monetary unions in Africa: A fractional integration and cointegration analysis. African Journal of Business Management, 9(22), 752-761.
Chicago /
Borja Balparda, Guglielmo Maria Caporale and Luis A. Gil-Alana. "Exchange rate dynamics and monetary unions in Africa: A fractional integration and cointegration analysis." African Journal of Business Management 9, no. 22 (2015): 752-761.
MLA /
Borja Balparda, Guglielmo Maria Caporale and Luis A. Gil-Alana. "Exchange rate dynamics and monetary unions in Africa: A fractional integration and cointegration analysis." African Journal of Business Management 9.22 (2015): 752-761.