Beyond Borders: The Euro Crisis and Public Support for Monetary Integration in East Africa
Date
2020
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Blackwell Publishing Ltd
Abstract
We show that economic experiences in one part of the world affect proposed policies elsewhere. Specifically, we find that the recent crisis in the European Monetary Union (EMU) has impacted negatively the public support for the new proposed monetary union in the East African Community (EAC), with a more pronounced effect for less educated Kenyans. That external effect is robust to controlling for an array of other factors such as the expected economic benefits from the union, the desire to gain international influence as part of a larger community and the memory of an earlier failed EAC monetary union. © 2020 Economic Society of South Africa
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This article is not available at CUD collection. The version of scholarly record of this article paper is published in South African Journal of Economics (2020), available online at: https://doi.org/10.1111/saje.12258
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Keywords
East African Community, euro crisis, monetary union, survey data
Citation
Bizuneh, M., Buigut, S., & Valev, N. (2020). Beyond borders: The euro crisis and public support for monetary integration in east Africa. South African Journal of Economics, 88(4), 518-535. doi:10.1111/saje.12258