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Toward a monetary union in the East African community : asymmetric shocks, exchange rates, and risk-sharing mechanisms / Paulo Drummond [and others]. - [Washington, D.C.] : International Monetary Fund, ©2015. - 1 online resource (vii, 59 pages) : illustrations (some color). - International Monetary Fund. African Department (Series) . - International Monetary Fund. African Department (Series) .

"Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli, and Sébastien Walker." "The African Department."

Includes bibliographical references (pages 55-56).

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.


English.

ISBN: 9781513536668 (electronic bk.) 1513536664 (electronic bk.) 9781513573816 (electronic bk.) 1513573810 (electronic bk.) (print) (print) 151358832X 9781513588322

LCCN: 2014471871

Subjects--Corporate Names:
East African Community.
East African Community.

Subjects--Topical Terms:
Monetary unions--Africa, East.
Monetary unions.
Foreign exchange rates--Africa, East.
Risk management--Economic aspects--Africa, East.
International economic integration.
Unions monétaires.
Intégration économique internationale.
BUSINESS & ECONOMICS--Finance.
Risk management--Economic aspects.
Foreign exchange rates.
International economic integration.
Monetary unions.
International Finance.
Finance.
Business & Economics.

Subjects--Geographic Terms:
Africa, East.

Index Terms--Genre/Form:
Electronic books.

LC Class. No.: HG3983.4 / .T69 2015eb

Dewey Class. No.: 332.4/9676