Toward a Monetary Union in the East African Community

Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

Nonfiction, Reference & Language, Law, Corporate, Business & Finance, Economics, Money & Monetary Policy
Cover of the book Toward a Monetary Union in the East African Community by Paulo Mr. Drummond, Ari Mr. Aisen, C. Emre Mr. Alper, Ejona Ms. Fuli, Sébastien Mr. Walker, INTERNATIONAL MONETARY FUND
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Author: Paulo Mr. Drummond, Ari Mr. Aisen, C. Emre Mr. Alper, Ejona Ms. Fuli, Sébastien Mr. Walker ISBN: 9781513536668
Publisher: INTERNATIONAL MONETARY FUND Publication: July 20, 2015
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Paulo Mr. Drummond, Ari Mr. Aisen, C. Emre Mr. Alper, Ejona Ms. Fuli, Sébastien Mr. Walker
ISBN: 9781513536668
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 20, 2015
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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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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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