Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms /

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 d...

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Hlavní autor: Drummond, Paulo
Další autoři: Aisen, Ari, Alper, Emre, Fuli, Ejona
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2015.
Edice:Departmental Papers; Departmental Paper ; No. 2015/008
On-line přístup:Full text available on IMF
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Shrnutí: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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Fyzický popis:1 online resource (58 pages)
Médium:Mode of access: Internet
ISSN:2616-5333
Přístup:Electronic access restricted to authorized BRAC University faculty, staff and students