Exchange Rate Arrangements in the Transition to East African Monetary Union
This paper is the outcome of research collaboration between staff of the Directorate of Economic Research and Policy at the Bank of Tanzania and the International Growth Centre. The views expressed in this paper are solely those of the authors and do not necessarily reflect the official views of the Bank of Tanzania or its management. We are grateful to the research departments of the five national central banks in the East African Community (EAC) for their cooperation, to Paul Masson and participants at the Extraordinary Meeting of the Monetary Affairs Committee (MAC) of the EAC in Bujumbura (November 2011) and the Extraordinary Meeting of the Economic Affairs Sub-Committee of the MAC in Nairobi (March 2012) for their comments, and to Ishaan Irani, Lucie Moore, and Richard Peck for research assistance. All errors are our own.
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