000148956 001__ 148956
000148956 005__ 20180122225111.0
000148956 037__ $$a677-2016-46683
000148956 041__ $$aen_US
000148956 245__ $$aEast African Regional Integration: Challenges in meeting the convergence criteria for monetary union
000148956 260__ $$c2012-06
000148956 269__ $$a2012-06
000148956 270__ $$makuteesa@eprc.or.ug$$pKuteesa,   Annette
000148956 300__ $$a19
000148956 336__ $$aReport
000148956 490__ $$aResearch Series
000148956 490__ $$a92
000148956 520__ $$aThe realization of a successful monetary union among EAC partner states depends upon a
sufficient degree of convergence of partners economies to established criteria. Gathering but
scattered research has begun assessing the various benchmarks for this characteristic. This
work integrates and synthesizes the various findings of literature with the view of providing a
general perspective on how far the partner states have reached in meeting the macroeconomic
convergence criteria and whether they have met the precondition for ascending the union.
The review is done with anticipation of uncovering the challenges countries are encountering
in aligning the economies to set criteria and what possible policy strategies exist to overcome
these problems. Findings reveal that there has been very limited convergence. Generally
countries remain behind the staged indictors. Progress to the monetary union is challenged
by the highly demanding criteria, lack of exchange rate mechanism, obstacles to the common
market, multiple memberships and many more. While countries might have the option of
revising the benchmarks, efforts to strengthen national economic growth, build regional
capacities, harmonize policies related to the monetary union, and correct constraints in the
common market will enhance deeper integration and contribute greatly to macro-economic
convergence.
000148956 542__ $$fLicense granted by Peace Nagawa (nagawa@eprc.or.ug) on 2013-05-13T11:08:31Z (GMT):

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000148956 650__ $$aCommunity/Rural/Urban Development
000148956 650__ $$aDemand and Price Analysis
000148956 650__ $$aIndustrial Organization
000148956 650__ $$aInstitutional and Behavioral Economics
000148956 650__ $$aInternational Relations/Trade
000148956 650__ $$aLabor and Human Capital
000148956 650__ $$aMarketing
000148956 650__ $$aProduction Economics
000148956 6531_ $$aEAC partner states
000148956 6531_ $$amacroeconomic convergence
000148956 6531_ $$achallenges
000148956 6531_ $$apolicies
000148956 6531_ $$aEPRC
000148956 700__ $$aKuteesa, Annette
000148956 8564_ $$s1739787$$uhttp://ageconsearch.umn.edu/record/148956/files/Series92.pdf
000148956 887__ $$ahttp://purl.umn.edu/148956
000148956 909CO $$ooai:ageconsearch.umn.edu:148956$$pGLOBAL_SET
000148956 912__ $$nSubmitted by Peace Nagawa (nagawa@eprc.or.ug) on 2013-05-13T11:30:02Z
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  Previous issue date: 2012-06
000148956 982__ $$gEconomic Policy Research Centre (EPRC)>Research Series
000148956 980__ $$a677