This central premise of this article is that the prevailing political economy has an influence on the content and orientation of the legal, regulatory and institutional framework for the public distribution of securities. Thus, the prevailing political economy determines the in-ward or outward...

This paper uses VAR techniques to investigate the potential for forming monetary unions in Eastern and Southern Africa. All countries in the sample are members of various regional economic organizations. Some of the organizations have a monetary union as an immediate objective whereas others...