Paulo Mr Drummond: 2 books
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...
by Paulo Mr. Drummond, S. Mr. Wajid, Oral Mr. Williams
Language: English
Release Date: January 12, 2015
Language: English
Release Date: January 12, 2015
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks....