The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges

The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges
Author :
Publisher : INTERNATIONAL MONETARY FUND
Total Pages : 63
Release :
ISBN-10 : 1451867220
ISBN-13 : 9781451867220
Rating : 4/5 (20 Downloads)

Book Synopsis The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges by : Iyabo Masha

Download or read book The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges written by Iyabo Masha and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-07-01 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of policies. The paper draws the main lessons from the CMA experience, identifies key policy challenges, and discusses the issues facing the member countries in their efforts to achieve sustained growth. Implications for further economic integration in a broader regional context are also noted.


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