Efficacy of monetary policy in a currency union? Evidence from Southern Africa's Common Monetary Area
The Common Monetary Area (CMA) agreement has effectively granted the South African government sole discretion over monetary policy and implementation in the region. The effectiveness of this arrangement has long been under discussion given the heterogeneity of member countries. This paper uses a str...
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| Format: | Article |
| Language: | English |
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AIMS Press
2022-02-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | http://www.aimspress.com/article/doi/10.3934/QFE.2022002?viewType=HTML |