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Africa > Uganda

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Foreign Exchange x
  • Financial Aspects of Economic Integration x
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Cover Departmental Papers
Toward a Monetary Union in the East African Community: Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
Mr. Paulo Drummond
,
Mr. Ari Aisen
,
Mr. Emre Alper
,
Ms. Ejona Fuli
, and
Mr. Sébastien Walker
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.
Keywords:
DPPP; DP; EAC country; interest rate; demand shock; monetary union; EAC economy; Exch. rate; partner state; Exchange rates; Monetary unions; Exchange rate arrangements; Currencies; Supply shocks; West Africa; East Africa; Sub-Saharan Africa
Cover The Quest for Regional Integration in the East African Community
The Quest for Regional Integration in the East African Community
Mr. Paulo Drummond
,
Mr. S. K Wajid
, and
Mr. Oral Williams

Abstract

The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.

Keywords:
BOOK; East African Community; monetary policy; country; market; EAC country; financial market; convergence criteria; EAC member states; market infrastructure; Monetary unions; Exchange rates; Real exchange rates; Currencies; Stock markets; Global; Sub-Saharan Africa; West Africa; East Africa; Africa; EAC region; EAC banking systems; resident representative; Exchange rate flexibility
Cover Finance & Development
Finance & Development, June 1993
International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Keywords:
FD; F&D; country; government; firm; cost; exchange rate
Cover Finance & Development
Finance & Development, June 1993
International Monetary Fund. External Relations Dept.
SlNCE the dissolution of the Soviet Union, most of the former member states have retained the ruble as their national currency but have followed independent monetary policies. Such a combination is not sustainable. With mounting disarray in the ruble area, each state must now quickly adopt either a common monetary policy or a separate national currency.
Keywords:
FD; F&D; country; government; firm; cost; exchange rate; export pessimism; pessimism developing countries; backstop technology; cost calculation; trade pattern; Privatization; Currencies; Monetary unions; Social assistance spending; Renewable energy; Eastern Europe; Global; Baltics; Africa; North America