scholarly journals East African Regional Integration: Challenges in Meeting the Convergence Criteria for Monetary Union: A Survey

2012 ◽  
Vol 4 (10) ◽  
Author(s):  
Annette Kuteesa
Keyword(s):  
Monetary Union ◽  
Regional Integration ◽  
Convergence Criteria ◽  
East African

Sovereignty fears may sink East Africa monetary union

2016 ◽  
Keyword(s):  
Monetary Policy ◽  
Monetary Union ◽  
Convergence Criteria ◽  
East African ◽  
Content Type ◽  
East African Community ◽  
Trade Dispute ◽  
Political Crises ◽  
African Community ◽  
The Eu

Subject Progress in towards an East African monetary union. Significance In November 2013, East African Community (EAC) partner states endorsed the East African Monetary Union (EAMU) Protocol, outlining plans for full monetary union by 2024. For the union to happen, at least three partner states must be willing to cede their monetary policy independence. Furthermore, EAC states have agreed to certain convergence criteria that they will need to meet. Impacts Closer economic and political integration will offer benefits to the EAC even without a monetary union. Domestic taxes will be insufficient to fund projects, forcing increased borrowing to the detriment of convergence criteria. Worsening political crises in South Sudan and Burundi may erode their regional standing and complicate diplomacy. Kenya and Tanzania’s current trade dispute with the EU foreshadows larger regional economic clashes ahead.

Getting the Core: A Neo‐institutionalist Approach to the EMU

1995 ◽  
Vol 30 (3) ◽  
pp. 347-369 ◽  
Author(s):  
Miriam L. Campanella
Keyword(s):  
Financial Markets ◽  
Monetary Union ◽  
Trade Agreement ◽  
Maastricht Treaty ◽  
Convergence Criteria ◽  
The North ◽  
Single European Act ◽  
Effective Role ◽  
Set Up ◽  
New Institutions

THE NEW REGIONALISM, MANIFESTED IN EUROPE BY THE SINGLE European Act and the Maastricht Treaty (1992) and in North America by the signature of the North-American Free Trade Agreement (NAFTA 1993), is centred on strategic policies and new institutions, the aims of which are to achieve a more effective role in global competition. In Europe, the shift is marked by the impending process of monetary union and the creation of its related institutions. The new approach agreed in the Maastricht Treaty sets out four requirements for eligibility to membership of monetary union. Convergence criteria embodying the judgment of financial markets about future inflation, exchange rate and fiscal policy appeared to be the second best choice for governments seeking to institutionalize their commitment to inflation-avoiding policies. The whole mechanism is meant first to provide the region with a credible monetary institution able to win over the financial markets and secondly to set up bulwarks to the inflation-prone pressures of domestic sheltered interests. Thirdly, the aim is to commit member countries, through a so-called targeting exercise (in Keohane's words) to accomplishing the agreed objectives with monetary discipline and macroeconomic adjustment.

scholarly journals The Long-Run Stability of Money in the Proposed East African Monetary Union

2020 ◽  
Vol 35 (3) ◽  
pp. 457-478
Author(s):  
Simplice A. Asongu ◽  
Oludele E. Folarin ◽  
Nicholas Biekpe
Keyword(s):  
Monetary Union ◽  
East African ◽  
Long Run

A framing analysis of mainstream newspaper coverage of the 2013 ‘Coalition of the Willing’ initiative in East Africa

2020 ◽  
Vol 12 (3) ◽  
pp. 241-254 ◽  
Author(s):  
Joseph Njuguna ◽  
Margaret Jjuuko
Keyword(s):  
East Africa ◽  
Political Communication ◽  
Regional Integration ◽  
Media Framing ◽  
Economic Consequences ◽  
Framing Analysis ◽  
East African ◽  
Attributions Of Responsibility ◽  
East African Community ◽  
Political Conflicts

The phrase, ‘Coalition of the Willing’, emerged in East Africa in 2013, when three East African Community (EAC) members (Kenya, Uganda and Rwanda) forged a Tripartite Initiative to fast-track the EAC regional integration, sidelining Tanzania and Burundi, for their apparent ‘aloofness’ to integration. This coalition created tensions among the five countries, exacerbating an already simmering conflict between Tanzania and Rwanda involving the expulsion of ‘illegal’ Rwandan migrants from Tanzania. Informed by contemporary political communication and media framing, this article examines how these events were framed in five leading newspapers in East Africa: the Daily Nation (Kenya), the Daily Monitor (Uganda), The Citizen (Tanzania), The New Times (Rwanda) and The East African (EAC region). Through a thematic frame analysis, we interrogate the prevalence and implications of five prominent themes found in most political conflicts (attributions of responsibility, conflict, human interest, economic consequences and morality) on the ‘Coalition of the Willing’ media debate. The analysis reveals conflicting frames with a potential to inflame antagonistic media debates to the integration efforts ‐ by the resultant blame-game and opening up of historical wounds and personal differences, among the key players.

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