Series: IMF Working Papers
Author(s): Iyabo Masha , Leighton Harris , Jian-Ye Wang , and Kazuko Shirono
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
Keywords: Exchange Rate, Monetary Union, Shocks, Policy Adjustment, inflation, central bank, monetary unions, monetary fund,
This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks...