Toward a monetary union in the East African community : asymmetric shocks, exchange rates, and risk-sharing mechanism, Paperback / softback Book

Toward a monetary union in the East African community : asymmetric shocks, exchange rates, and risk-sharing mechanism Paperback / softback

Part of the African departmental paper series

Paperback / softback

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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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