What is it about?
This paper explores the possibilities for policy coordination in the Southern African Development Community (SADC) as well as real effective exchange rate (REER) stability as a prerequisite towards sensible monetary integration. The underlying hypothesis goes with the assertion that countries meeting optimum currency area conditions face more stable exchange rates.
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Why is it important?
The findings in this paper have important policy implications for economic stability and for the attempt of policy coordination in SADC region for the proposed monetary integration to proceed.
Perspectives
This study is the first attempt that relates the exchange rate as a policy coordination instrument among SADC economies.
Prof Mulatu Fekadu Zerihun
Tshwane University of Technology
Read the Original
This page is a summary of: Exploring exchange rate based policy coordination in SADC, Studies in Economics and Finance, October 2016, Emerald,
DOI: 10.1108/sef-03-2015-0089.
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