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

Series: Departmental Papers / Policy Papers

Author(s): Paulo Drummond , Ari Aisen , Emre Alper , Ejona Fuli , and Sébastien Walker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2015

ISBN: 9781513562179

Keywords: Monetary unions, Burundi, Kenya, Rwanda, Tanzania, Uganda, East Africa, Economic growth, Agricultural sector, Natural resources

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 mechanism...

A Work in Progress: Integrating Markets for Goods, Labor, and Capital in the East African Community

A Work in Progress: Integrating Markets for Goods, Labor, and Capital in the East African Community »

Source: A Work in Progress : Integrating Markets for Goods, Labor, and Capital in the East African Community

Volume: 17

Series: Departmental Papers / Policy Papers

Author(s): Emre Alper , Wenjie Chen , Jemma Dridi , Herve Joly , and Fan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2017

ISBN: 9781475560350

Keywords: financial integration, East African Community, goods, labor, capital

This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the maj...