01878cas a2200241 a 4500 AALejournalIMF006690 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455205240 1018-5941 BD-DhAAL BD-DhAAL Wang, Yi David. Measuring Financial Barriers Among East African Community Countries / Yi David Wang. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (26 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 This paper seeks to quantify existing financial barriers among East African Community (EAC) member countries based on analysis of each member country's foreign exchange market. The primary contribution of this paper is the generation of an aggregate measure of financial barriers for the three relatively more advanced members (Kenya, Uganda, and Tanzania) using forward foreign exchange and interbank interest rate data. Its empirical results, which are corroborated by other evidence such as the levels of development of the financial markets and restrictions on capital flows, suggest that Kenya is the EAC's most financially open country, followed by Uganda, and then Tanzania. The fact that the three countries exhibit different degrees of financial openness suggests that financial integration in the EAC region has a way to go. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/194 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/194/001.2010.issue-194-en.xml IMF e-Library