01722cas a2200253 a 4500 AALejournalIMF000207 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451927498 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Macroeconomic Shocks and Trade Flows within Sub-Saharan Africa : Implications for Optimum Currency Arrangements / Tamim Bayoumi, Jonathan Ostry. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Africa has more countries than any other continent, and hence the largest number of potential monetary and exchange rate arrangements. This paper looks at whether the existing highly fractured monetary arrangements in Sub-Saharan Africa correspond to what might be expected from the theory of optimum currency areas. This is done by analyzing both the size and correlation of real disturbances across countries and the level of intra-regional trade. The results indicate little evidence that Sub-Saharan African countries would benefit in the near future from larger currency unions. Mode of access: Internet Ostry, Jonathan. IMF Working Papers; Working Paper ; No. 1995/142 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/142/001.1995.issue-142-en.xml IMF e-Library