Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
Author/Editor: Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli, Sébastien Walker
Release Date: © July, 2015
ISBN
: 978-1-51353-666-8
Stock #: TMUEACEE
English
Languages and formats available
| English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
| Paperback | Yes | ||||||
| Yes | |||||||
| ePub | Yes | ||||||
| Mobipocket | Yes |
Description
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.
More publications in this series: Departmental Papers / Policy Papers
More publications by: Paulo Drummond ; Ari Aisen ; Emre Alper ; Ejona Fuli ; Sébastien Walker
