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This paper assesses the effectiveness of East Africa Monetary Union under alternative exchange rate policies. We model four types of exchange rate policies in a two-open economy Dynamic Stochastic General Equilibrium model with financial micro-foundations. Findings reveal that floating exchange...
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EXECUTIVE SUMMARY Context: Sudan is a fragile state mired in a heavy debt burden, international sanctions, and volatile … Sudan in 2011, resulting in the buildup of large economic imbalances. The authorities have embarked on a stabilization … program and are expecting that a return of peace in South Sudan will ensure continuation of oil flows, which are crucial for …
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