East Africa Convergence
To deepen integration, the EAC has set the goal of establishing an East African Monetary Union (EAMU) through macroeconomic convergence and the harmonization of monetary and exchange rate policies, payment and settlement systems, financial sector supervision, as well as. This work integrates and synthesises various findings of literature with the aim of providing a general perspective on the. This article attempts to determine the optimal levels of four convergence cri-teria (inflation, budget balance as a percentage of GDP, public debt as a per-centage of GDP and international reserves in.
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