"This document is on [sic] a review of the [Economic Community of West African States (ECOWAS)] Exchange Rate Mechanism (EERM) ... [Firstly, it] provides a synthesis of findings of the study covering the period 1994 – 1999 ... [and analyses] research directors’ views on the EERM. [It then] analyses the implications of the implementation of the [EERM] before presenting the new proposed EERM. [Finally it simulates] of the implementation of the new EERM between 2007 and 2008." (Quoted from "Introduction")