Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms /

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 d...

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Bibliografiske detaljer
Hovedforfatter: Drummond, Paulo
Andre forfattere: Aisen, Ari, Alper, Emre, Fuli, Ejona
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2015.
Serier:Departmental Papers; Departmental Paper ; No. 2015/008
Online adgang:Full text available on IMF

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