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Monetary Integration in SADC: Assessment of Policy Coordination and Real Effective Exchange Rate Stability

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  • Francis M. Kemegue
  • Marthinus C. Breitenbach
  • Mulatu F. Zerihun

Abstract

This paper evaluates the strength of policy coordination in Southern African Development Community (SADC) as well as real effective exchange rate stability as indicative of sensible monetary integration. The underlying hypothesis goes with the assertion that countries meeting OCA conditions face more stable exchange rates. The quantitative analysis encompasses 12 SADC member states over the […]

Suggested Citation

  • Francis M. Kemegue & Marthinus C. Breitenbach & Mulatu F. Zerihun, 2014. "Monetary Integration in SADC: Assessment of Policy Coordination and Real Effective Exchange Rate Stability," Working Papers 479, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:479
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    More about this item

    Keywords

    economic growth; Impact Evaluation; International trade; Other Macroeconomic Variables; SADC;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F15 - International Economics - - Trade - - - Economic Integration
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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