Monetary Transmission Mechanism In The East African Community

Author : Mr.Hamid Reza Davoodi
Publisher : International Monetary Fund
ISBN 13 : 1475530579
Total Pages : 59 pages
Book Rating : 4.75/5 ( download)

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Download or read book Monetary Transmission Mechanism in the East African Community written by Mr.Hamid Reza Davoodi and published by International Monetary Fund. This book was released on 2013-02-06 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical inferences, but somewhat strong when using non-standard inference methods; (ii) when MTM is present, the precise transmission channels and their importance differ across countries; and (iii) reserve money and the policy rate, two frequently used instruments of monetary policy, sometimes move in directions that exert offsetting expansionary and contractionary effects on inflation—posing challenges to harmonization of monetary policies across the EAC and transition to a future East African Monetary Union. The paper offers some suggestions for strengthening the MTM in the EAC.

Author : Mr.Andrew Berg
Publisher : International Monetary Fund
ISBN 13 : 1484351126
Total Pages : 54 pages
Book Rating : 4.23/5 ( download)

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Download or read book The Monetary Transmission Mechanism in the Tropics written by Mr.Andrew Berg and published by International Monetary Fund. This book was released on 2013-09-20 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks. Standard statistical procedures have had limited success in identifying the channels of monetary transmission in such countries. Here we take a narrative approach, following Romer and Romer (1989), and center on a significant tightening of monetary policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find clear evidence of the transmission mechanism in most of the countries, and argue that deviations can be explained by differences in the policy regime in place.

Author : Mr.Paulo Drummond
Publisher : International Monetary Fund
ISBN 13 : 1513562177
Total Pages : 58 pages
Book Rating : 4.79/5 ( download)

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Download or read book Toward a Monetary Union in the East African Community written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2015-07-20 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Mr.Paulo Drummond
Publisher : International Monetary Fund
ISBN 13 : 1498322956
Total Pages : 308 pages
Book Rating : 4.59/5 ( download)

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Download or read book The Quest for Regional Integration in the East African Community written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2015-01-12 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Ms.Catherine McAuliffe
Publisher : International Monetary Fund
ISBN 13 : 1475586310
Total Pages : 55 pages
Book Rating : 4.12/5 ( download)

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Download or read book The East African Community written by Ms.Catherine McAuliffe and published by International Monetary Fund. This book was released on 2012-11-14 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.

Author : Mr.Emre Alper
Publisher : International Monetary Fund
ISBN 13 : 1475560354
Total Pages : 77 pages
Book Rating : 4.50/5 ( download)

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Download or read book A Work in Progress written by Mr.Emre Alper and published by International Monetary Fund. This book was released on 2017-01-13 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the extent of economic and financial integration among the East African Community (EAC) along a number of dimensions and, where possible, whether integration has increased in the wake of the major regional integration policy milestones.

Author : Emmanuel Ugirashebuja
Publisher : BRILL
ISBN 13 : 9004322078
Total Pages : 553 pages
Book Rating : 4.73/5 ( download)

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Download or read book East African Community Law written by Emmanuel Ugirashebuja and published by BRILL. This book was released on 2017-03-06 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: East African Community Law provides a comprehensive and open-access text book on EAC law. Written by leading experts, including the president of the EACJ, national judges, academics and practitioners, it provides the most complete overview to date of this increasingly important field. Uniquely, the book also provides a systematic comparison with EU law. EU companion chapters provide concise overviews of EU law and its development, offering valuable inspiration for the application and further development of EAC law. The book has been written for all practitioners, judges, civil servants, academics and students faced with questions of EAC law. It discusses institutional, substantive and jurisdictional issues, including the nature of EAC law, free movement and competition law as well as the reception of EAC law in Partner States.

Author : Mr.Paulo Drummond
Publisher : International Monetary Fund
ISBN 13 : 1484364414
Total Pages : 308 pages
Book Rating : 4.13/5 ( download)

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Download or read book The Quest for Regional Integration in the East African Community written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2015-01-12 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author :
Publisher :
ISBN 13 :
Total Pages : 310 pages
Book Rating : 4.95/5 ( download)

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Download or read book The Quest for Regional Integration in the East African Community written by and published by . This book was released on with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : M. M. Smal
Publisher :
ISBN 13 : 9781958431061
Total Pages : 17 pages
Book Rating : 4.60/5 ( download)

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Download or read book The Monetary Transmission Mechanism in South Africa written by M. M. Smal and published by . This book was released on 2001 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: