Toward a monetary union in the East African community: asymmetric shocks, exchange rates, and risk-sharing mechanism (African departmental paper, 15/6)

by Paulo Drummond

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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.
  • ISBN10 1513562177
  • ISBN13 9781513562179
  • Publish Date 30 September 2015
  • Publish Status Active
  • Publish Country US
  • Imprint International Monetary Fund (IMF)
  • Format Paperback
  • Pages 58
  • Language English