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An Analysis Of Macro-Economic Convergence In Sadc

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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. Copyright (c) 2006 The Author. Journal compilation (c) 2006 Economic Society of South Africa.

Suggested Citation

  • Jannie Rossouw, 2006. "An Analysis Of Macro-Economic Convergence In Sadc," 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
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    Cited by:

    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. Kisu Simwaka, 2016. "Macroeconomic Convergence in Southern Africa Development Community," Research Papers RP_325, African Economic Research Consortium.

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