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Toward a Monetary Union in the East African Community :, Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms, Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli, Sébastien Walker

Abstract
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
Language
eng
Literary Form
non fiction
Note
Bibliographic Level Mode of Issuance: Monograph
Physical Description
1 online resource (58 pages)
Form Of Item
online
Isbn
9781513536668

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