Ari Mr Aisen: 1 book
Toward a Monetary Union in the East African Community
Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
Language: English
Release Date: July 20, 2015
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...
