How Long to Read Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union?

How Long Does it Take to Read Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union??

It takes the average reader 1 hour and 23 minutes to read Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? by Christian Sorgenfrei

Assuming a reading speed of 250 words per minute. Learn more

Description

Inhaltsangabe:Introduction and Course of Work: In 2007, at their meeting in Tanzania, the central bank governors of the Southern African Development Community (SADC) laid out a strategy to strengthen regional integration, containing the development of a common market by 2015, fixed exchange rates by 2016, and, ultimately, a monetary union with a single currency in 2018. In pursuit of this agenda, a free trade area absent of intra-regional tariffs was arranged in August 2008 with a regional customs union to follow this year. The currently fourteen member countries of the SADC committed themselves towards achieving economic convergence and to deepen monetary cooperation. In the 21st century, Africa finds itself increasingly separated from economic developments in the remaining world and fails to prosper from increased globalization. Despite a large abundance in natural resources, many countries have suffered from an extremely poor economic performance, which mainly originated from internal strives and weak and distortionary policies. Inward looking governments, conducting clientele policies, are focused on reaping economic rents rather than on fostering growth. Furthermore, tribal conflicts and civil war have sparked recurring border conflicts with neighboring countries. Although Africa has seen a large number of regional arrangements and trading blocs throughout the continent, the overall success for growth and trade expansion was limited. Against this background, the formation of a monetary union is believed to counteract economic and political weaknesses, to improve regional cooperation and to enhance both the political and economic standing in the world. A monetary union and a common currency entails both gains and losses for its members. On the cost side, countries in a monetary union effectively loose the ability to pursue independent monetary policies and to use the exchange rate as adjustment instrument to stabilize the economy. On the other hand, countries inside a monetary union benefit from reduced transaction costs and the elimination of internal exchange rate volatility. Furthermore, countries which suffer from weak internal stability and high inflation rates benefit by using the fixed exchange rate in a monetary union as external anchor. By transferring the power over monetary policy to a supranational central bank, the risk of homegrown inflation and currency devaluations is banished and economic agents are able to borrow at more [...]

How long is Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union??

Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? by Christian Sorgenfrei is 83 pages long, and a total of 20,999 words.

This makes it 28% the length of the average book. It also has 26% more words than the average book.

How Long Does it Take to Read Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 54 minutes to read Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? aloud.

What Reading Level is Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union??

Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union??

Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? by Christian Sorgenfrei is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Optimum Currency Areas: Is Southern Africa ready to form a Monetary Union? by Christian Sorgenfrei on Amazon click the button below.