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An Analysis Of Macro‐Economic Convergence In Sadc1

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  • Jannie Rossouw

Abstract

One of the goals of the Southern African Development Community (SADC) is macro‐economic convergence leading to monetary unification and a single central bank. This goal is aligned with the goal of the African Union to build a monetary union for the entire continent in stages, starting with each of the subregions, of which SADC forms one important region. Despite views to the contrary, the current degree of compliance with the Maastricht criteria for convergence and membership of the European Union, shows that the challenges facing a SADC monetary union would not be insurmountable if the convergence criteria are viewed as permanent goals, rather than preconditions.

Suggested Citation

  • Jannie Rossouw, 2006. "An Analysis Of Macro‐Economic Convergence In Sadc1," South African Journal of Economics, Economic Society of South Africa, vol. 74(3), pages 382-390, September.
    • Handle: RePEc:bla:sajeco:v:74:y:2006:i:3:p:382-390
    DOI: 10.1111/j.1813-6982.2006.00080.x
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    References listed on IDEAS

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    1. Mr. Paul R Masson & Mr. Ousmane Dore, 2002. "Experience with Budgetary Convergence in the WAEMU," IMF Working Papers 2002/108, International Monetary Fund.
    2. Martina Metzger, 2006. "The Common Monetary Area in Southern Africa: A Typical South-South Coordination Project?," Palgrave Macmillan Books, in: Barbara Fritz & Martina Metzger (ed.), New Issues in Regional Monetary Coordination, chapter 8, pages 147-164, Palgrave Macmillan.
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    1. Xavier Debrun & Paul R. Masson, 2013. "Modelling Monetary Union in Southern Africa: Welfare Evaluation for the CMA and SADC," South African Journal of Economics, Economic Society of South Africa, vol. 81(2), pages 275-291, June.
    2. M. J. Aziakpono & S. Kleimeier & H. Sander, 2012. "Banking market integration in the SADC countries: evidence from interest rate analyses," Applied Economics, Taylor & Francis Journals, vol. 44(29), pages 3857-3876, October.
    3. Wörgötter, Andreas & Brixiova, Zuzana, 2020. "Monetary Unions of Small Currencies and a Dominating Member: What Policies Work Best for Benefiting from the CMA?," IZA Policy Papers 163, Institute of Labor Economics (IZA).
    4. repec:aer:wpaper:325 is not listed on IDEAS

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