01862cas a2200265 a 4500 AALejournalIMF011884 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503890 1018-5941 BD-DhAAL BD-DhAAL Asonuma, Tamon. Welfare Effects of Monetary Integration : The Common Monetary Area and Beyond / Tamon Asonuma, Xavier Debrun, Paul Masson. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (33 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 proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all SADC members except Angola, Mauritius and Tanzania; (iii) creating a symmetric CMA-wide monetary union with a regional central bank carries some costs in terms of foregone anti-inflationary credibility; and (iv) SADC-wide symmetric monetary union continues to be beneficial for all except Mauritius, although the gains for existing CMA members are likely to be limited. Mode of access: Internet Debrun, Xavier. Masson, Paul. IMF Working Papers; Working Paper ; No. 2012/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/136/001.2012.issue-136-en.xml IMF e-Library