Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1283562324
9781283562324
1451889275
9781451889277
9781451889277
9781451838862
1451838867
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| ISSN: | 2227-8907
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| Notes: | Includes bibliographical references (pages 30-31).
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| Summary: | 1. In August 2007, at the 6th Extraordinary Summit of the East African Community (EAC) Heads of State, the leaders of the EAC member countries unanimously agreed to fast track the establishment of a regional common market and monetary union. 1 The Summit's communiqué set 2012 as the new target date for this economic integration, up from the previous target of 2015. The shortened timeline poses substantial challenges to the already complex convergence process, which necessitates compatible fiscal, monetary, and exchange rate policies and harmonized regulatory frameworks among member countries. 2 This paper examines an important aspect of these preparations-the creation of a single unified EAC financial market-focusing on the key ingredients: harmonization of capital account regulations and capital market integration (CMI). 3.
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| Other form: | Print Version: 9781451889277
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| Standard no.: | 10.5089/9781451889277.002
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