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Africa > Uganda

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Empirical Studies of Trade x
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Cover IMF Research Bulletin
Research Bulletin, June 2014
International Monetary Fund. Research Dept.
Articles in the June 2014 issue of the IMF Research Bulletin look at “The Rise and Fall of Current Account Deficits in the Euro Area Periphery and the Baltics” (Joong Shik Kang and Jay C. Shambaugh) and “The Two Sides of the Same Coin?: Rebalancing and Inclusive Growth in China” (Il Houng Lee, Murtaza Syed, and Xin Wang). The Q&A looks at “Seven Questions on the Monetary Transmission Mechanism in Low-Income Countries” (Andrew Berg, Luisa Charry, Rafael A. Portillo, and Jan Vleck). This issue of the Research Bulletin includes updated listings of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Readers can also find information on free access to a featured article from “IMF Economic Review.”
Keywords:
IRB; IMF research bulletin; bulletin; journal website; policy relevance; author guideline; debt challenge; sample content; Current account deficits; Trade balance; Income inequality; Current account; Personal income; Global; Caribbean; Baltics; Sub-Saharan Africa
Cover IMF Working Papers
Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa
Mr. Xavier Debrun
,
Ms. Catherine A Pattillo
, and
Mr. Paul R Masson
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities. The model is calibrated using African data. Simulations indicate that the proposed EAC, ECOWAS, and SADC monetary unions bring about net benefits to some potential members, but modest net gains and sometimes net losses for others. Strengthening domestic macroeconomic frameworks is shown to provide some of the same improvements as monetary integration, reducing the latter’s relative attractiveness.
Keywords:
WP; central bank; monetary policy; CFA franc
Cover Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa
Ms. Sena Eken
,
Mr. John F. Laker
, and
Mr. Shailendra J. Anjaria

Abstract

In late 1979, the African Center for Monetary Studies requested, on behalf of the Association of African Central Banks (AACB), that the Fund staff prepare a study describing the existing payments, exchange control, and exchange rate arrangements in the proposed 17-nation Preferential Trade Area (PTA) of Eastern and Southern African States, analyzing any payments obstacles to trade in the region, and recommending improvements in payments arrangements that would promote intraregional trade.

Keywords:
OP; trade; Kenya; PTA arrangement; fund staff visit; EAC trade; fund staff; trade expansion; payments arrangement; Currencies; Exports; Imports; Currency convertibility; Credit; Africa; Southern Africa