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Beyond Borders: The Euro Crisis and Public Support for Monetary Integration in East Africa
South African Journal of Economics ( IF 1.6 ) Pub Date : 2020-07-08 , DOI: 10.1111/saje.12258
Menna Bizuneh 1 , Steven Buigut 2 , Neven Valev 3
Affiliation  

We show that economic experiences in one part of the world affect proposed policies elsewhere. Specifically, we find that the recent crisis in the European Monetary Union (EMU) has impacted negatively the public support for the new proposed monetary union in the East African Community (EAC), with a more pronounced effect for less educated Kenyans. That external effect is robust to controlling for an array of other factors such as the expected economic benefits from the union, the desire to gain international influence as part of a larger community and the memory of an earlier failed EAC monetary union.

中文翻译:

跨越国界:欧元危机和东非对货币一体化的公共支持

我们表明,世界某个地区的经济经验会影响其他地方的拟议政策。具体而言,我们发现,欧洲货币联盟(EMU)最近的危机对公众对东非共同体(EAC)中新提议的货币联盟的支持产生了负面影响,对受教育程度较低的肯尼亚人产生了更为明显的影响。这种外部影响对于控制一系列其他因素(如从工会获得的预期经济利益,作为一个更大的社区的一部分而获得国际影响的愿望以及对早期失败的东非共同体货币联盟的记忆)的控制力很强。
更新日期:2020-07-08
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