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
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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://econ.hunter.cuny.edu/wp-content/uploads/sit ... /HunterEconWP306.pdf (application/pdf)
Journal Article: On the feasibility of a monetary union in the Southern Africa Development Community (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:htr:hcecon:306
Access Statistics for this paper
More papers in Economics Working Paper Archive at Hunter College from Hunter College Department of Economics 695 Park Avenue, New York, NY 10065. Contact information at EDIRC.
Bibliographic data for series maintained by Jonathan Conning ().