Toward a monetary union in the East African community by International Monetary Fund (9781513562179)

Description - Toward a monetary union in the East African community by International Monetary Fund

This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.

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Economics, finance, business & management »
Economics

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Toward a monetary union in the East African community

asymmetric shocks, exchange rates, and risk-sharing mechanism

International Monetary Fund

Paulo Drummond

Ari Aisen

Description - Toward a monetary union in the East African community by International Monetary Fund

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