Convergence, asymmetry and monetary policy in a common monetary area
This thesis examined the extent to which there is convergence in inflation rates, interest rates and incomes in the Common Monetary Area (CMA). It also investigated if countries in the area exhibit asymmetric adjustments to aggregate shocks. Based on optimum currency area theory, lack of converge...
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| Format: | Others |
| Language: | en |
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2011
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| Online Access: | http://hdl.handle.net/10539/10810 |