01796cas a2200277 a 4500 AALejournalIMF009322 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867220 1018-5941 BD-DhAAL BD-DhAAL Masha, Iyabo. The Common Monetary Area in Southern Africa : Shocks, Adjustment, and Policy Challenges / Iyabo Masha, Leighton Harris, Jian-Ye Wang, Kazuko Shirono. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (63 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 study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of policies. The paper draws the main lessons from the CMA experience, identifies key policy challenges, and discusses the issues facing the member countries in their efforts to achieve sustained growth. Implications for further economic integration in a broader regional context are also noted. Mode of access: Internet Harris, Leighton. Shirono, Kazuko. Wang, Jian-Ye. IMF Working Papers; Working Paper ; No. 2007/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/158/001.2007.issue-158-en.xml IMF e-Library