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Back Matter

Back Matter »

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

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...

Appendix I. Exchange Rate Classification Codes

Appendix I. Exchange Rate Classification Codes »

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

Ilzetzki, Reinhart, and Rogoff (2010) [IRR] classification codes 1 N...

Appendix II. Country Specifications in the SVAR

Appendix II. Country Specifications in the SVAR »

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

Our data set includes observations for the following periods (data for the United States, Canada, and the oil price are available for as long as is necessary for our purposes)....

Appendix III. Impulse Response Functions

Appendix III. Impulse Response Functions »

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

Impulse responses functions are plotted below for the five endogenous variables and the five structural shocks. The dotted lines represent bootstrapped 90 percent confidence bands. United States* and Kenya*,...

Appendix IV. Variance Decompositions

Appendix IV. Variance Decompositions »

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

Variance Decompositions with the United States* Burundi...

Assessing Bank Competition within the East African Community

Assessing Bank Competition within the East African Community »

Source: Assessing Bank Competition within the East African Community

Volume/Issue: 2012/32

Series: IMF Working Papers

Author(s): Sarah Sanya , and Matthew Gaertner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463933173

Keywords: East African Community, H-statistic, Lerner Index, banking system, banking sector, Economic History: Financial Markets and Institutions: General, International, or Comparative, Market Structure And Pricing,

This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African Community (EAC) countries2. The results show that the degree of competition is low due to a combinat...

Capital Market Integration

Capital Market Integration »

Source: Capital Market Integration : Progress Ahead of the East African Community Monetary Union

Volume/Issue: 2012/18

Series: IMF Working Papers

Author(s): Masafumi Yabara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931230

Keywords: East African Community, monetary union, capital market, equity, stock, bond, beta convergence, sigma convergence, cointegration, stock market

Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic ca...

Chapter 1. Analysis of Merchandise Trade Integration in the EAC

Chapter 1. Analysis of Merchandise Trade Integration in the EAC »

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

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

Evolution of Tariffs and Imports of EAC Countries since the Implementation of the CU The CU is the first integration milestone in the EAC. The EAC member states have...

5 CHAPTER Conclusions and Medium-Term Outlook

5 CHAPTER Conclusions and Medium-Term Outlook »

Source: Foreign Exchange Reserve Adequacy in East African Community Countries

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 2009

ISBN: 9781462366682

Keywords: East Africa, SDRs, Reserve requirements, Reserves adequacy, reserve holdings, external shocks, trade shocks, terms-of-trade shocks, international reserves

The analysis here suggests that reserve levels in EAC countries include safety buffers, and thus, do not require immediate action. Most indicators used for the analysis indicate that projected reserves at en...

3 CHAPTER Evolution of Reserve Holdings in EAC Countries

3 CHAPTER Evolution of Reserve Holdings in EAC Countries »

Source: Foreign Exchange Reserve Adequacy in East African Community Countries

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 2009

ISBN: 9781462366682

Keywords: East Africa, SDRs, Reserve requirements, Reserves adequacy, reserve holdings, external shocks, trade shocks, terms-of-trade shocks, international reserves

The EAC countries have accumulated international reserves over the past ten years. A generally favorable international environment and prudent macroeconomic policies have contributed to the accumulation of i...