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150128 ||| eng |
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|a 9781455205240
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|a Wang, Yi David
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245 |
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|a Measuring Financial Barriers Among East African Community Countries
|c Yi David Wang
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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300 |
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|a 26 pages
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651 |
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4 |
|a Kenya
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653 |
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|a Interbank rates
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653 |
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|a Interest rates
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653 |
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|a Government and the Monetary System
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653 |
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|a Payment Systems
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653 |
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|a Finance
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653 |
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|a Regimes
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653 |
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|a Monetary economics
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653 |
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|a Financial services
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653 |
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|a Currency
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653 |
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|a Money
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653 |
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|a International Financial Markets
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653 |
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|a Currency markets
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653 |
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|a Foreign Exchange
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653 |
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|a Standards
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653 |
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|a Financial markets
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653 |
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|a Banks and Banking
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653 |
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|a Currencies
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653 |
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|a Monetary Systems
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Interest rate parity
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653 |
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|a Foreign exchange market
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653 |
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|a Money and Monetary Policy
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653 |
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|a Finance: General
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653 |
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|a Foreign exchange
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781455205240.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2010/194/001.2010.issue-194-en.xml?cid=24162-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper seeks to quantify existing financial barriers among East African Community (EAC) member countries based on analysis of each member country’s foreign exchange market. The primary contribution of this paper is the generation of an aggregate measure of financial barriers for the three relatively more advanced members (Kenya, Uganda, and Tanzania) using forward foreign exchange and interbank interest rate data. Its empirical results, which are corroborated by other evidence such as the levels of development of the financial markets and restrictions on capital flows, suggest that Kenya is the EAC’s most financially open country, followed by Uganda, and then Tanzania. The fact that the three countries exhibit different degrees of financial openness suggests that financial integration in the EAC region has a way to go
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