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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Detalhes bibliográficos
Autor principal: Drummond, Paulo
Outros Autores: Aisen, Ari, Alper, Emre, Fuli, Ejona
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2015.
coleção:Departmental Papers; Departmental Paper ; No. 2015/008
Acesso em linha:Full text available on IMF
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245 1 0 |a Toward a Monetary Union in the East African Community :   |b Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms /  |c Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli. 
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490 1 |a Departmental Papers 
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520 3 |a 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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700 1 |a Aisen, Ari. 
700 1 |a Alper, Emre. 
700 1 |a Fuli, Ejona. 
830 0 |a Departmental Papers; Departmental Paper ;  |v No. 2015/008 
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