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Working Paper 251 - Foreign trade and international financial flows: Implications for economic stability in ECOWAS countries

09-Mar-2017

Economic stability of any country goes beyond exposure to endogenous factors but a host of exogenous factors it receives from other countries through foreign trade and international financial flows. Hence, exposure to exogenous factors poses both opportunities for growth and challenges of economic instability across countries. In other words, foreign trade and international financial flows are potential candidates for business cycles2 transmission.

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