The quest for regional integration in the East African Community

This book takes stock of key developments in East African Community (EAC) integration and sketches an agenda for reforms that could foster further integration. Although various factors determine the integration, the book focuses on macroeconomic and financial aspects. Contents: 1 Overview (Paulo Drummond, S. Kal Wajid, and Oral Williams); 2 Sustaining growth in the East African Community (Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara); 3 Economic convergence to support the East African Monetary Union (Nabil Ben Ltaifa, Masafumi Yabara, and Oral Williams); 4 The fiscal policy challenges of monetary union in East Africa (Sanjeev Gupta and Jimmy McHugh); 5 Implications of monetary union for national fiscal institutions in East Africa (Richard Hughes); 6 Building a framework to harmonize monetary policy (Armando Morales); 7 How strong is the monetary transmission mechanism in the East African Community? (Hamid R. Davoodi, Shiv Dixit, and Gabor Pinter); 8 Exchange rate arrangements in the transition to East African Monetary Union (Christopher S. Adam, Pantaleo Kessy, Camillus Kombe and Stephen A. O’Connell); 9 Financial sector stability: a regional approach (Mary Zephirin and S. Kal Wajid); 10 Cross-country financial linkages and implications for financial sector supervision (Etibar Jafarov); 11 Financial integration ahead of East African Monetary Union (Masafumi Yabara); 12 Themes and lessons from the financial sector assessment programs (S. Kal Wajid). [ASC Leiden abstract]