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

Author/Editor:

Paulo Drummond ; Ari Aisen ; Emre Alper ; Ejona Fuli ; Sébastien Walker

Publication Date:

July 20, 2015

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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 draws on analysis of recent experiences and examines likely future changes in the EAC economies.

Series:

Departmental Paper No. 15/08

Subject:

English

Publication Date:

July 20, 2015

ISBN/ISSN:

9781513562179/

Stock No:

TMUEACEA

Price:

$25.00 (Academic Rate:$22.00)

Format:

Paper

Pages:

58

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