The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond

Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond by Tamon Asonuma
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all SADC members except Angola, Mauritius and Tanzania; (iii) creating a symmetric CMA-wide monetary union with a regional central bank carries some costs in terms of foregone anti-inflationary credibility; and (iv) SADC-wide symmetric monetary union continues to be beneficial for all except Mauritius, although the gains for existing CMA members are likely to be limited.
International Monetary Fund; May 2012
33 pages; ISBN 9781475541175
Read online, or download in secure EPUB or secure PDF format
Title: Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond
Author: Tamon Asonuma; Xavier Debrun; Paul R. Masson
 
ISBNs
1475541171
9781475503890
9781475541175
9781475545111