Welfare effects of monetary integration : the Common Monetary Area and beyond / prepared by Tamon Asonuma, Xavier Debrun, and Paul R. Masson.
This paper proposes a quantitative assessment of the welfare effects 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) join...
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