Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond

Working Paper No. 12/136

Nopic
This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all READ MORE...

Publication date: May 2012
ISBN 9781475503890
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Publication date: May 2012

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Publication date: May 2012

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