Optimum Currency Areas

Name: Optimum Currency Areas
Brand: Diplomica Verlag
SKU: 9783842856752
Price: 141.06 PLN
Availability: InStock

A Monetary Union for Southern Africa

Autor: Christian Sorgenfrei

Język:

Oprawa: Miękka

Wydawca: Diplomica Verlag

Dostępność: Dostępna u dostawcy

Wysyłamy za 8-11 dni

141.06 zł

With the current situation in the European Monetary Union in mind, a Monetary Union in other parts o...

Informacje o książce

Autor

Christian Sorgenfrei

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

2011

strony

EAN

9783842856752

ISBN

9783842856752

Enbook ID

03213697

Wydawca

Diplomica Verlag

Waga

172

Wymiary

178 x 254 x 5

Pełny opis

With the current situation in the European Monetary Union in mind, a Monetary Union in other parts of the world seems highly inadvisable. Nevertheless, Africa has some of the oldest Monetary arrangements in the world, dating back to the beginning of the 19th century. Is Africa particularly qualified for a Monetary Union? And furthermore, what features are necessary to make Monetary Arrangements between countries endurable? This study evaluates the prospects and the feasibility of a monetary union in the Southern African Development Community (SADC) from an economic point of view. Both the theory of optimum currency areas and the recent example of the European Monetary Union are employed to analyze the pros and cons of monetary unification. The theoretical implications are operationalized, first, by a broad analysis of economic and socio graphic data, and second, by estimating the degree of structural shock synchronization between SADC countries. Results obtained by an Autoregressive and Vector Autoregressive model indicate that a monetary union which includes all SADC members is neither desirable nor feasible in the foreseeable future. However, the study concludes that a small subset of countries, including South Africa, Namibia, Swaziland, Lesotho, Mozambique, Botswana and Zambia, could gain from forming a smaller monetary union.

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Optimum Currency Areas

A Monetary Union for Southern Africa

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