Gaining Global Clout Through Monetary Union: Evidence from East Africa

Menna Bizuneh (), Steven Buigut () and Neven Valev ()
Additional contact information
Menna Bizuneh: Pitzer College, Postal: Claremont, California 91711, United States
Steven Buigut: American University at Dubai, Postal: Sheikh Zayed Road, Dubai, United Arab Emirates
Neven Valev: Georgia State University, Postal: 14 Marietta Street, Atlanta, Georgia 30303, United States

Journal of Economic Integration, 2018, vol. 33, issue 2, 1363-1387

Abstract: Gaining international clout is an important motivation in pursuing monetary integration, as small country merge into a larger entity that can project more global power. We provide evidence to that effect using survey data from Kenya pertaining to public support for the proposed East African Monetary Union. We show that Kenyans prefer a larger union with more members for the purpose of gaining global clout. However, not all potential member countries are equally welcomed. Larger and more stable countries are favored over fragile states.

Keywords: Monetary Union; International Clout; Optimal Size; East African Community (search for similar items in EconPapers)
JEL-codes: E50 F33 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0735

Access Statistics for this article

Journal of Economic Integration is currently edited by Seongeun Kim

More articles in Journal of Economic Integration from Center for Economic Integration, Sejong University Contact information at EDIRC.
Bibliographic data for series maintained by Yunhoe Kim ().