Description
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.
Book Details
Format
Paperback
Pages
1 page
Language
English
Published
Jul 31, 2015
Publisher
INTERNATIONAL MONETARY FUND
ISBN-10
1513562177
ISBN-13
9781513562179