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On the feasibility of a monetary union in the Southern Africa Development Community

Temisan Agbeyegbe ()

No 306, Economics Working Paper Archive at Hunter College from Hunter College Department of Economics

Abstract: This paper investigates the feasibility of a monetary union in Southern Africa Development Community (SADC) by looking at evidence of nominal exchange rate and inflation convergence. Using a methodology based on estimating time varying parameters, the evidence suggests non-convergence. The non-convergence of nominal exchange rate and consumer price inflation suggests that presently, the chances of SADC member countries satisfying some form of Maastricht-type criteria is quite low.

Keywords: Inflation; and; Exchange; Rate; Convergence; in; SADC. (search for similar items in EconPapers)
JEL-codes: F1 F3 O11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2003, Revised 2003
New Economics Papers: this item is included in nep-ifn and nep-mac
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