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dc.contributor.advisorDaw, Olebogeng D.
dc.contributor.advisor16377923 - Daw, Olebogeng David (Supervisor)
dc.contributor.authorRametsi, Thapelo Sidney
dc.date.accessioned2016-06-07T10:54:50Z
dc.date.available2016-06-07T10:54:50Z
dc.date.issued2015
dc.identifier.urihttp://hdl.handle.net/10394/17648
dc.descriptionPhD (Economics), North-West University, Mafikeng Campus, 2015en_US
dc.description.abstractThe primary aim of this study was to investigate if SACU could be an optimum currency area and so to form a common currency on trade. SACU, as at the investigation of this study has shown, is already having a common monetary area. A progress has been made in realising macroeconomic convergence such as inflation stability within the region. The results also show that SACU economies are open. There is already a mutual trade in SACU and looking also at cultural ties within the member states, is also very high. This investigation is done in cognizance to the theory of optimum currency area (OCA).The cointegration results show long-run relation in the region. The ECM terms are negative and significant in all cases. Under GPPP the speed of adjustment has given rise to the conclusion that SACU countries can potentially constitute an OCA.en_US
dc.language.isoenen_US
dc.subjectMacroeconomic convergenceen_US
dc.subjectOptimum currency areaen_US
dc.subjectGross domestic producten_US
dc.subjectInflationen_US
dc.subjectexchange ratesen_US
dc.titleIs Southern African Custom Union an optimum currency area?en_US
dc.typeThesisen_US
dc.description.thesistypeDoctoralen_US


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