How Strong Is the Monetary Transmission Mechanism in the East African Community?

Davoodi, H R and Dixit, S and Pinter, G (2014) How Strong Is the Monetary Transmission Mechanism in the East African Community? In: The Quest for Regional Integration in the East African Community. International Monetary Fund, pp. 133-157. ISBN 978-1-48436-441-3

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Abstract

The leaders of the five partner states of the East African Community (EAC) decided in 2007 to fast track agreements on key protocols of the East African Monetary Union (EAMU) by 2012. A successful EAMU depends, among other things, on effective harmonization of existing monetary policies and operations across the EAC in transition to a future common monetary policy. The EAMU is expected to enhance the benefits of the EAC Customs Union and the EAC Common Market and deepen integration. It is also expected to reduce the costs and risks of conducting business transactions across national boundaries, as well as make way for a single currency, remove the costs of transactions in different currencies, and reduce the risk of adverse exchange rate movements in intraEAC trade

Affiliation: Indian School of Business
ISB Creators:
ISB CreatorsORCiD
Dixit, SUNSPECIFIED
Item Type: Book Chapter
Additional Information: The research paper was published by the author with the affiliation of University of Minnesotta.
Uncontrolled Keywords: East African Monetary Union, East African Community, monetary transmission mechanisms
Subjects: Economics
Depositing User: Veeramani R
Date Deposited: 15 May 2019 15:25
Last Modified: 15 May 2019 15:25
URI: http://eprints.exchange.isb.edu/id/eprint/960
Publisher URL: http://dx.doi.org/10.5089/9781484364413.071
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