Purchasing Power Parities in Five East African Countries : Burundi, Kenya, Rwanda, Tanzania, and Uganda

Burundi, Kenya, Rwanda, Tanzania, and Uganda

Purchasing Power Parities in Five East African Countries : Burundi, Kenya, Rwanda, Tanzania, and Uganda
In a case study of Burundi, Kenya, Rwanda, Tanzania, and Uganda, this paper finds that bilateral real exchange rates revert to a long-term equilibrium in line with purchasing power parities, implying that these countries constitute an integrated trading zone, their markets are interdependent and arbitrage works efficiently, and intraregional... READ MORE...

Publication date: October 1998
ISBN 9781451856798
$15.00

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