Should African Monetary Unions Be Expanded? : An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa /
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities. The...
| Hlavní autor: | |
|---|---|
| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 2010/157 |
| On-line přístup: | Full text available on IMF |