Series: IMF Working Papers
Author(s): Masafumi Yabara
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
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...