| dc.description.abstract | Following the revival of the East African Community, the member states have, in addition to other objectives, decoded to form a monetary union in the manner similar to the Euro monetary zone.Using both primary and secondary data, this study assesses the East African Community individual member states' legal, economic and political environment, with a view of establishing whether there is any homogeneity as a precursor to the formation of the monetary union.
The study concludes that there is limited harmony amongst the member states of the community in terms of macro economic symmetry and convergence, policy harmonization and governance structures. The study recommends that the process of creating a monetary unit in the area should not be rushed but be carried out gradually as the disparities aforementioned are ironed out even over
time. | en_US |
