test_moissonnage_selune
type: Agent

Monetary, Financial and Fiscal Stability in the East African Community: Ready for a Monetary Union?
type: Distribution
access URL: https://unilim.hal.science/hal-00916699
format: HTML
issued: 2026-05-07T21:00:31.503532
modified: 2026-05-07T21:00:31.494777

Monetary, Financial and Fiscal Stability in the East African Community: Ready for a Monetary Union?
type: Dataset
contact point: Organization
  fn: CCSD
keyword: preprints-working-papers-
keyword: jel-e---macroeconomics-and-monetary-economicsee5---monetary-policy-central-banking-and-the-supp
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: infoeu-reposemanticspreprint
keyword: jel-o---economic-development-innovation-technological-change-and-growthoo5---economywide-count
landing page: https://unilim.hal.science/hal-00916699
description: We examine prospects for a monetary union in the East African Community (EAC) by developing a stylized model of policymakers' decision problem that allows for uncertain benefits derived from monetary,financial and fiscal stability, and then calibrating the model for the EAC for the period 2003-2010. When policymakers properly allow for uncertainty, none of the countries wants to pursue a monetary union based on either monetary or financial stability grounds, and only Rwanda might favor it on fiscal stability grounds; we argue that robust institutional arrangements assuring substantial improvements in monetary, financial and fiscal stability are needed to compensate.
issued: 2026-05-07T21:00:31.502437
language: en
modified: 2026-05-07T21:00:31.502441