Bibliograph

Toward a monetary union in the East African Community, asymmetric shocks, exchange rates, and risk-sharing mechanisms, Paulo Drummond [and 4 others]

Type

Label

Toward a monetary union in the East African Community, asymmetric shocks, exchange rates, and risk-sharing mechanisms, Paulo Drummond [and 4 others]

Language

eng

Bibliography note

Includes bibliographical references (pages 55-56)

Illustrations

illustrations

Index

no index present

Literary Form

non fiction

Main title

Toward a monetary union in the East African Community

Nature of contents

bibliography

Oclc number

921166544

Responsibility statement

Paulo Drummond [and 4 others]

Series statement

International Monetary Fund. African Department Series

Sub title

asymmetric shocks, exchange rates, and risk-sharing mechanisms

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.--, Provided by Publisher

Table Of Contents

1. How Susceptible Are the EAC Economies to Asymmetric Shocks? 2. Does the Exchange Rate Cause or Absorb Shocks in the EAC Countries? 3. Risk Sharing and Other Mechanisms to Mitigate the Impact of Shocks 4. Conclusions Appendix I. Exchange Rate Classification Codes Appendix II. Country Specifications in the SVAR Appendix III. Impulse Response Functions Appendix IV. Variance Decompositions Back Matter

Contributor