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dc.creatorCaporale, G.M. (Guglielmo M.)-
dc.creatorGil-Alana, L.A. (Luis A.)-
dc.date.accessioned2023-10-26T06:49:49Z-
dc.date.available2023-10-26T06:49:49Z-
dc.date.issued2020-
dc.identifier.citationCaporale, G.M. (Guglielmo M.); Gil-Alana, L.A. (Luis A.). "Prospects for a monetary union in the East Africa community: Some empirical evidence". South Afrincan journal of economics. 88 (2), 2020, 174 - 185es
dc.identifier.issn0038-2280-
dc.identifier.urihttps://hdl.handle.net/10171/67764-
dc.description.abstractThis paper examines generalised purchasing power parity (G-PPP) and business cycle synchronisation in the East Africa Community with the aim of assessing the prospects for a monetary union. The univariate fractional integration analysis shows that the individual series exhibit unit roots and are highly persistent. The fractional bivariate cointegration tests suggest that there exist bivariate fractional cointegrating relationships between the exchange rate of the Tanzanian shilling and those of the other EAC countries, and also between the exchange rates of the Rwandan franc, the Burundian franc and the Ugandan shilling. The Fractionally Cointegrated Vector AutoRegressive (FCVAR) results imply the existence of a single cointegrating relationship between the exchange rates of the EAC countries. On the whole, there is evidence in favour of G-PPP. In addition, there appears to be a high degree of business cycle synchronisation between these economies. On both grounds, one can argue that a monetary union should be feasible.es_ES
dc.language.isoenges_ES
dc.publisherWileyes_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectEast Africa communityes_ES
dc.subjectMonetary uniones_ES
dc.subjectOptimal currency areaes_ES
dc.subjectFractional integration and cointegrationes_ES
dc.subjectBusiness cycle synchronisationes_ES
dc.subjectHodrick–prescott filteres_ES
dc.titleProspects for a monetary union in the East Africa community: Some empirical evidencees_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.noteThis is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.es_ES
dc.identifier.doi10.1111/saje.12247-
dadun.citation.endingPage185es_ES
dadun.citation.number2es_ES
dadun.citation.publicationNameSouth Afrincan journal of economicses_ES
dadun.citation.startingPage174es_ES
dadun.citation.volume88es_ES

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