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[null,"1.","Record Nr.",null,"UNINA9910453004703321"]
[null,null,"Titolo",null,"Welfare effects of monetary integration [[electronic resource] ] : the Common Monetary Area and beyond / / prepared by Tamon Asonuma, Xavier Debrun, and Paul R. Masson"]
[null,null,"Pubbl/distr/stampa",null,"[Washington, D.C.], : International Monetary Fund, 2012"]
[null,null,"ISBN",null,"1-4755-9365-1"]
[{"$nulls":4},"1-4755-4117-1"]
[null,null,"Descrizione fisica",null,"1 online resource (34 p.)"]
[null,null,"Collana",null,"IMF working paper ; ; WP/12/136"]
[null,null,"Soggetti",null,"Monetary unions - Africa, Southern"]
[{"$nulls":4},"Electronic books."]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"African Department.\""]
[{"$nulls":4},"\"May 2012.\""]
[null,null,null,"Nota di bibliografia","Includes bibliographical references."]
[null,null,"Nota di contenuto",null,"Cover; Contents; I. Introduction; II. Literature Review; III. Theoretical Model; IV. The CMA: History, Institutional Arrangements, and Economic Convergence; A. History and Institutional Arrangements; B. Economic Convergence; Tables; 1. CMA Countries: Selected Indicators, 2008-2010; Figures; 1. CMA Countries and Botswana: Central Bank Rates, Treasury Bill Rates, and Inflation Rates; 2. Small CMA Countries: Reserve Adequacy Ratio; 2. CMA Countries and Botswana: Fiscal Balance and Total Government Debt; V. Welfare Impact of the Common Monetary Area and Variants of It; A. The CMA"]
[{"$nulls":4},"3. CMA Countries: Key Model Inputs, 1994-2010B. Hypothetical Expansions of the Common Monetary Area; 4. CMA: Welfare Gains and Losses; 5. SADC Countries: Selected Indicators, 1994-2010; 6. Welfare Gains or Losses from Adding a Single SADC Country to the CMA; VI. Hegemony Versus a Regional Central Bank; A. A Full Common Monetary Union with Current Members; 7. A Greater CMA/SADC: Welfare Gains and Losses; B. A Larger Currency Union with SADC Members; 8. Welfare Effect of a CMA Monetary Union Versus Existing Arrangement; VII. Concluding Remarks; 9. A Larger SADC Currency Union; References"]
[{"$nulls":4},"AppendixesI. History of the Common Monetary Area; II. Institutional Framework of the Common Monetary Area; III. Description of the DMP Model"]
[null,null,null,"Sommario/riassunto","This paper proposes a quantitative assessment of the welfare effects "]
[{"$nulls":4},"arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all SADC members except Angola, Mauritius and Tanzania; (iii) creating a symmetric CMA-wide monetary union with a regional central bank carries some costs in terms of foregone anti-inflationary credibility; and (iv) SADC-wide symmetric monetary union contin"]