Monetary Union Feasibility in the East African Community: Evidence from GPPP
This study utilises the generalised purchasing power parity (GPPP) to assess the feasibility of a monetary union in the East African Community (EAC) region.Time series and panel vector error correction models (VCM) were used to analyse monthly data from 1996-2016 for the five EAC countries.The cointegration results support the existence of a long-r