کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
992641 | 935859 | 2005 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Is the proposed East African Monetary Union an optimal currency area? a structural vector autoregression analysis
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
SummaryThis paper empirically assesses the suitability of the East African (EA) countries for a regional monetary union by testing for symmetry of the underlying structural shocks. The results indicate that supply and demand shocks are generally asymmetric, which does not lend strong support for forming a currency union in the EA region at the moment. However, the speed and magnitude of adjustment to shocks is similar across the countries. Therefore, further integration of the economies might lead to more favorable conditions for a monetary union. Although evidence in favor of linking an EA currency to an external anchor is weak, such support seems to favor the Euro.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 33, Issue 12, December 2005, Pages 2119–2133
Journal: World Development - Volume 33, Issue 12, December 2005, Pages 2119–2133
نویسندگان
Steven K. Buigut, Neven T. Valev,