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Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1475541171
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
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.
Author: Mr.Tamon Asonuma
Publisher: International Monetary Fund
ISBN: 1475541171
Category : Business & Economics
Languages : en
Pages : 61
Get Book Here
Book Description
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.
Author: Tamon Asonuma
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
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.
Author: Pablo Andres Neumeyer
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 31
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Book Description
Author: E. W. M. T. Westerhout
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 52
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Book Description
Author: Johannes Bröcker
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Warner Max Corden
Publisher: Princeton, N.J. : International Finance Section, Princeton University
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
Author: Falko Fecht
Publisher:
ISBN: 9783865583277
Category : Financial risk
Languages : en
Pages : 36
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Book Description
Author: Michael Berlemann
Publisher:
ISBN:
Category :
Languages : de
Pages : 25
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Book Description
Author: Christian Pierdzioch
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Author: Paul de Grauwe
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
"This expositive textbook on monetary integration looks at the costs and benefits of monetary union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts the currency of a wider area. This leads naturally to questions concerning the size of an optimal monetary area - should this include the EC, the whole of Europe, or the whole world?" "The first part of the book focuses on complete monetary unions in which a common currency is substituted for national currencies. The second part looks at incomplete monetary unions and analyzes the operation of monetary systems in which national monetary authorities maintain their national currencies but agree to fix their exchange rates. This leads to an analysis of the European Monetary System and also examines the issues relating to the transition to a full monetary system." "The book combines comprehensive exposition with discussion of recent historical events and theory and will prove invaluable to students."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
