| Description |
1 online resource (37 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/98/148 |
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IMF working paper ; WP/98/148.
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| Summary |
Annotation In a case study of Burundi, Kenya, Rwanda, Tanzania, and Uganda, this paper finds that bilateral real exchange rates revert to a long-term equilibrium in line with purchasing power parities, implying that these countries constitute an integrated trading zone, their markets are interdependent and arbitrage works efficiently, and intraregional competitiveness is preserved. These findings are partly explained by the flexibility of nominal exchange rates and prices and the absence of long-term productivity differences among these countries. to strengthen market integration, foster private sector development, and enhance growth prospects, the paper emphasizes the importance of increased trade, competitive labor markets, flexible exchange rates, and convergence of macroeconomic and structural policies |
| Bibliography |
Includes bibliographical references (pages 36-37) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Purchasing power parity -- Africa, East
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Foreign exchange rates -- Africa, East
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Prices -- Africa, East
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Trade blocs -- Africa, East
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Competition -- Africa, East
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Labor productivity -- Africa, East
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Labor market -- Africa, East
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Competition
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Foreign exchange rates
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Labor market
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Labor productivity
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Prices
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Purchasing power parity
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Trade blocs
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Africa, East
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| Form |
Electronic book
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| Author |
International Monetary Fund. African Department
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| ISBN |
1282026739 |
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9781282026735 |
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1451901887 |
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9781451901887 |
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1462349889 |
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9781462349883 |
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1452756260 |
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9781452756264 |
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9786613796462 |
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6613796468 |
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9781451856798 |
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1451856792 |
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