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150128 ||| eng |
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|a 9781451927498
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|a Bayoumi, Tamim
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|a Macroeconomic Shocks and Trade Flows within Sub-Saharan Africa
|b Implications for Optimum Currency Arrangements
|c Tamim Bayoumi, Jonathan Ostry
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1995
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| 300 |
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|a 34 pages
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| 651 |
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4 |
|a South Africa
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| 653 |
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|a Economic integration
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Monetary unions
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| 653 |
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|a Deflation
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| 653 |
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|a Money
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| 653 |
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|a Standards
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| 653 |
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|a International Monetary Arrangements and Institutions
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| 653 |
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|a Payment Systems
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| 653 |
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|a International economics
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| 653 |
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|a Regimes
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| 653 |
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|a Currencies
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| 653 |
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|a Price Level
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Prices
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| 653 |
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|a Financial Aspects of Economic Integration
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Monetary economics
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| 653 |
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|a Currency
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| 653 |
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|a Exchange rate arrangements
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| 653 |
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|a Conventional peg
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| 653 |
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|a Inflation
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| 653 |
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|a Government and the Monetary System
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| 700 |
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|a Ostry, Jonathan
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451927498.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1995/142/001.1995.issue-142-en.xml?cid=1977-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a Africa has more countries than any other continent, and hence the largest number of potential monetary and exchange rate arrangements. This paper looks at whether the existing highly fractured monetary arrangements in Sub-Saharan Africa correspond to what might be expected from the theory of optimum currency areas. This is done by analyzing both the size and correlation of real disturbances across countries and the level of intra-regional trade. The results indicate little evidence that Sub-Saharan African countries would benefit in the near future from larger currency unions
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