An edition of East African regional integration (2012)

East African regional integration

challenges in meeting the convergence criteria for monetary union

East African regional integration
Annette Kuteesa, Annette Kutee ...
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Last edited by MARC Bot
December 20, 2022 | History
An edition of East African regional integration (2012)

East African regional integration

challenges in meeting the convergence criteria for monetary union

"The realisation of a successful monetary union amng EAC partner states depends upon a sufficient degree of convergence of partners economies to established criteria. Gathering but scattered research has begun assessing the various benchmarks for this characteristic. This work integrates and synthesizes the various findings of literature with the view of providing a general perspective on how far the partner states have reached in meeting the macroeconomic convergence criteria and whether they have met the precondition for ascending the union. The review is done with anticipation of uncovering the challenges countries are encountering in aligning the economies to set criteria and what possible strategies exist to overcome these problems. Findings reveal that there has been very limited convergence. Generally countries remain behind the staged indictors (sic). Progress to the monetary union is challenged by the highly demanding criteria, lack of exchange rate mechanism, obstacles to the common market, multiple memberships and many more. While countries might have the option of revising the benchmarks, efforts to strengthen national economic growth, build regional capacities, harmonize policies related to the monetary union, and correct constraints in the common market will enhance deeper integration and contribute greatly to macro-economic convergence." -- Abstract.

Publish Date
Language
English
Pages
23

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Book Details


Edition Notes

"June 2012."

Includes bibliographical references.

Published in
Kampala, Uganda
Series
Research series -- no. 92, Research series (Economic Policy Research Centre) -- no. 92.

Classifications

Dewey Decimal Class
332.4609676
Library of Congress
HG3983.4 .K88 2012

The Physical Object

Pagination
ii, 23 p
Number of pages
23

Edition Identifiers

Open Library
OL44603670M
OCLC/WorldCat
855524699

Work Identifiers

Work ID
OL32781665W

Source records

marc_columbia MARC record

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History

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December 20, 2022 Created by MARC Bot Imported from marc_columbia MARC record