{"id":"https://openalex.org/W1035599047","doi":null,"title":"Essays on the proposed monetary integration in the southern African development community","display_name":"Essays on the proposed monetary integration in the southern African development community","publication_year":2015,"publication_date":"2015-04-23","ids":{"openalex":"https://openalex.org/W1035599047","mag":"1035599047"},"language":"en","primary_location":{"id":"pmh:oai:repository.up.ac.za:2263/45868","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2263/45868","pdf_url":"http://hdl.handle.net/2263/45868","source":{"id":"https://openalex.org/S4306401870","display_name":"UpSpace Institutional Repository (University of Pretoria)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I69552723","host_organization_name":"University of Pretoria","host_organization_lineage":["https://openalex.org/I69552723"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/2263/45868","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058498926","display_name":"Mulatu Fekadu Zerihun","orcid":"https://orcid.org/0000-0003-4797-928X","observed_orcids":["https://orcid.org/0000-0003-4797-928X"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Mulatu Fekadu Zerihun","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5058498926"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5410000085830688,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5410000085830688,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.44429999589920044,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.005100000184029341,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-integration","display_name":"monetary integration","score":0.9079999923706055},{"id":"https://openalex.org/keywords/monetary-union","display_name":"monetary union","score":0.9160000085830688},{"id":"https://openalex.org/keywords/optimal-currency-area","display_name":"optimal currency area","score":0.777999997138977},{"id":"https://openalex.org/keywords/southern-african-development-community","display_name":"Southern African Development Community","score":0.9440000057220459},{"id":"https://openalex.org/keywords/structural-symmetry","display_name":"structural symmetry","score":0.7039999961853027},{"id":"https://openalex.org/keywords/real-business-cycles","display_name":"real business cycles","score":0.8190000057220459},{"id":"https://openalex.org/keywords/real-exchange-rate","display_name":"real exchange rate","score":0.7279999852180481},{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.847000002861023},{"id":"https://openalex.org/keywords/price-convergence","display_name":"price convergence","score":0.8119999766349792},{"id":"https://openalex.org/keywords/monetary-policy-coordination","display_name":"monetary policy coordination","score":0.48500001430511475},{"id":"https://openalex.org/keywords/economic-integration","display_name":"economic integration","score":0.5870000123977661},{"id":"https://openalex.org/keywords/external-shocks","display_name":"external shocks","score":0.5479999780654907},{"id":"https://openalex.org/keywords/fourier-approximation","display_name":"Fourier approximation","score":0.4429999887943268}],"concepts":[{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.37311866879463196}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:repository.up.ac.za:2263/45868","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2263/45868","pdf_url":"http://hdl.handle.net/2263/45868","source":{"id":"https://openalex.org/S4306401870","display_name":"UpSpace Institutional Repository (University of Pretoria)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I69552723","host_organization_name":"University of Pretoria","host_organization_lineage":["https://openalex.org/I69552723"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},{"id":"mag:1035599047","doi":null,"is_oa":false,"landing_page_url":"https://repository.up.ac.za/handle/2263/45868","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:repository.up.ac.za:2263/45868","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/2263/45868","pdf_url":"http://hdl.handle.net/2263/45868","source":{"id":"https://openalex.org/S4306401870","display_name":"UpSpace Institutional Repository (University of Pretoria)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I69552723","host_organization_name":"University of Pretoria","host_organization_lineage":["https://openalex.org/I69552723"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320875","display_name":"Deutscher Akademischer Austauschdienst","ror":"https://ror.org/039djdh30"},{"id":"https://openalex.org/F4320324695","display_name":"Tshwane University of Technology","ror":"https://ror.org/037mrss42"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1035599047.pdf","grobid_xml":"https://content.openalex.org/works/W1035599047.grobid-xml"},"referenced_works_count":71,"referenced_works":["https://openalex.org/W175795316","https://openalex.org/W1502173616","https://openalex.org/W1507259579","https://openalex.org/W1523036137","https://openalex.org/W1534798215","https://openalex.org/W1558438729","https://openalex.org/W1588163064","https://openalex.org/W1606647850","https://openalex.org/W1814973960","https://openalex.org/W1838840028","https://openalex.org/W1874617559","https://openalex.org/W1915081868","https://openalex.org/W1966034770","https://openalex.org/W1967271323","https://openalex.org/W1969370268","https://openalex.org/W1978427347","https://openalex.org/W1979043549","https://openalex.org/W1979625016","https://openalex.org/W1981306539","https://openalex.org/W1986871165","https://openalex.org/W1988480776","https://openalex.org/W1994775904","https://openalex.org/W2001440256","https://openalex.org/W2017599589","https://openalex.org/W2018829380","https://openalex.org/W2019027049","https://openalex.org/W2026823915","https://openalex.org/W2029621085","https://openalex.org/W2044665184","https://openalex.org/W2047586809","https://openalex.org/W2066676097","https://openalex.org/W2071434239","https://openalex.org/W2076837367","https://openalex.org/W2077440953","https://openalex.org/W2082020195","https://openalex.org/W2086152567","https://openalex.org/W2088846834","https://openalex.org/W2094198373","https://openalex.org/W2095364399","https://openalex.org/W2097580026","https://openalex.org/W2099342535","https://openalex.org/W2112778351","https://openalex.org/W2116326882","https://openalex.org/W2125620875","https://openalex.org/W2126052131","https://openalex.org/W2126180267","https://openalex.org/W2127521271","https://openalex.org/W2132507817","https://openalex.org/W2134975537","https://openalex.org/W2141736556","https://openalex.org/W2146307232","https://openalex.org/W2148268875","https://openalex.org/W2159541381","https://openalex.org/W2164287949","https://openalex.org/W2169107902","https://openalex.org/W2169809601","https://openalex.org/W2186591900","https://openalex.org/W2235009244","https://openalex.org/W2302271822","https://openalex.org/W2493081869","https://openalex.org/W3003458798","https://openalex.org/W3121179757","https://openalex.org/W3121541168","https://openalex.org/W3121906893","https://openalex.org/W3122836219","https://openalex.org/W3122871899","https://openalex.org/W3123375543","https://openalex.org/W3124247625","https://openalex.org/W3125071847","https://openalex.org/W3125146190","https://openalex.org/W3125428136"],"related_works":["https://openalex.org/W1514589207","https://openalex.org/W2752287517","https://openalex.org/W2787520511","https://openalex.org/W6989418618","https://openalex.org/W2898472925","https://openalex.org/W3034482098","https://openalex.org/W2096980485","https://openalex.org/W3108400298","https://openalex.org/W2205647563","https://openalex.org/W2592381435"],"abstract_inverted_index":{"The":[0,410,475],"objective":[1],"of":[2,10,17,40,55,90,147,157,180,196,282,297,306,338,345,360,387,472,566],"this":[3,47,413,546],"thesis":[4],"is":[5,35,231,314,330],"to":[6,13,24,64,99,104,110,116,142,177,205,236,239,246,319,362,556],"evaluate":[7],"the":[8,15,21,38,49,53,59,66,74,106,112,127,132,135,144,172,181,194,197,209,217,220,225,244,254,263,267,279,295,304,322,325,336,342,357,372,383,401,408,417,420,435,442,460,465,498,505,508,541,563,572],"readiness":[9],"SADC":[11,56,83,152,276,329,392,473,481,513,580],"economies":[12,57,277,482],"complete":[14],"process":[16],"monetary":[18,27,68,256,432],"integration":[19,250,582],"in":[20,58,73,78,102,166,208,243,258,321,324,391,400,407,412,434,497,545],"region":[22,60,245,323,402,436],"and":[23,29,109,119,294,375,379,494,529,532,550,593,596,603],"form":[25],"a":[26,31,88,96,189,298,331,354,431,446,536],"union":[28,69,257,433],"adopt":[30],"common":[32,456,591],"currency.":[33],"This":[34,310,394,488],"done":[36,238],"against":[37,366],"backdrop":[39],"optimal":[41],"currency":[42],"area":[43],"(OCA)":[44],"theory.":[45],"Given":[46],"objective,":[48],"study":[50,86,136,173,264,509],"hypothesizes":[51],"that":[52,216,229,234,266,312,424,426,453,480,511],"majority":[54],"are":[61,203,455,483,552],"potential":[62,315,332],"candidates":[63],"bring":[65],"proposed":[67,81,255],"into":[70,253],"existence":[71,296],"sometime":[72],"future,":[75],"if":[76],"not":[77,138,553],"2018":[79],"as":[80,124,289],"by":[82,291,485],"secretariat.":[84],"\\nThe":[85],"uses":[87],"mix":[89],"different":[91],"methodologies":[92],"ranging":[93],"from":[94,126,131,219,224,419,503,535,600],"developing":[95],"conceptual":[97],"framework":[98],"empirical":[100],"investigation":[101],"order":[103],"answer":[105],"research":[107],"questions":[108],"test":[111,134,378],"hypotheses.":[113],"In":[114],"addition":[115],"theoretical":[117],"reviews":[118],"discussions,":[120],"four":[121,128,506],"findings":[122,218,411,418,502],"emerge":[123],"fundamental":[125],"essays.":[129],"First,":[130],"Triples":[133],"has":[137],"found":[139],"significant":[140],"evidence":[141],"reject":[143],"null":[145],"hypothesis":[146,273],"\u201estructural":[148],"symmetry\u201f":[149],"among":[150],"ten":[151],"member":[153,182,427,601],"countries.":[154],"10":[155],"out":[156],"15":[158],"members":[159],"(i.e.66.67":[160],"percent)":[161],"have":[162,184],"exhibited":[163,290],"structural":[164],"symmetry":[165],"their":[167,604],"real":[168,248,307,388,461,466],"business":[169],"cycles":[170],"over":[171],"period.":[174],"However,":[175,341],"close":[176],"50":[178],"percent":[179],"states":[183,428,602],"weak":[185],"cyclical":[186],"co-movements":[187],"with":[188,285,571],"low":[190],"relative":[191,317],"intensity.":[192],"Taking":[193],"experience":[195,570],"EMU":[198],"where":[199],"just":[200],"five":[201],"countries":[202,365,405,514,567],"able":[204],"create":[206],"havoc":[207],"entire":[210],"union,":[211],"we":[212],"can":[213,515],"safely":[214],"say":[215],"combined":[221],"three":[222],"tests":[223],"first":[226],"essay":[227,414],"confirm":[228,382],"there":[230,313,454],"still":[232],"work":[233],"needs":[235],"be":[237,353],"coordinate":[240],"economic":[241,249,581],"policies":[242],"improve":[247],"before":[251],"entry":[252],"2018.":[259],"\\nIn":[260,369],"Essay":[261,370],"2,":[262],"finds":[265,452,510],"generalised":[268],"purchasing":[269],"power":[270],"parity":[271],"(GPPP)":[272],"holds":[274],"for":[275,316,356,490,540],"given":[278,568],"stationary":[280],"panel":[281,450],"RER":[283],"series":[284,390,471],"one":[286],"cointegrating":[287],"relationship":[288,302],"trace":[292],"statistics":[293],"long":[299,326,349,447,569],"run":[300,350,448],"co-integrating":[301],"amongst":[303],"system":[305],"exchange":[308,389,462,468],"rates.":[309],"implies":[311],"prices":[318],"converge":[320],"run,":[327],"hence":[328],"OCA,":[333],"based":[334],"on":[335],"criteria":[337],"price":[339],"convergence.":[340],"slow":[343],"speed":[344],"adjustment":[346],"towards":[347],"GPPP":[348],"equilibrium":[351,477],"should":[352],"warning":[355],"possible":[358],"ineffectiveness":[359],"policy":[361,457,492,495,598],"defend":[363],"these":[364],"external":[367],"shocks.":[368],"3,":[371],"Brock,":[373],"Dechert,":[374],"Scheinkman":[376],"(BDS)":[377],"Fourier":[380],"approximation":[381],"non":[384],"linear":[385],"nature":[386],"economies.":[393,474],"finding":[395],"further":[396,415,491],"supports":[397],"an":[398],"OCA":[399],"comprising":[403],"those":[404],"included":[406,554],"study.":[409,547],"strengthen":[416],"previous":[421],"two":[422],"essays":[423,507],"claim":[425],"could":[429,561],"constitute":[430,517],"at":[437,538],"some":[438],"future":[439],"date.":[440],"Lastly,":[441],"fourth":[443],"essay,":[444],"using":[445],"dynamic":[449],"model":[451],"variables":[458],"determining":[459],"rate":[463,469],"(RER)/":[464],"effective":[467],"(REER)":[470],"RER/REER":[476],"analysis":[478],"reveals":[479],"characterised":[484],"persistent":[486],"misalignment.":[487],"calls":[489],"coordination":[493],"harmonisation":[496],"region.":[499],"\\nBy":[500],"considering":[501],"all":[504],"nine":[512],"potentially":[516],"SADC-OCA":[518,537],"namely;":[519],"Botswana,":[520],"Madagascar,":[521],"Malawi,":[522],"Mozambique,":[523],"Seychelles,":[524],"South":[525],"Africa,":[526],"Swaziland,":[527],"Tanzania":[528],"Zambia.":[530],"Angola":[531],"Mauritius":[533],"disqualified":[534],"least":[539],"sample":[542],"period":[543],"considered":[544],"Lesotho,":[548],"DRC,":[549],"Zimbabwe":[551],"due":[555],"data":[557],"limitations,":[558],"otherwise":[559],"Lesotho":[560],"join":[562],"qualifying":[564],"group":[565],"Common":[573],"Monetary":[574],"Area":[575],"(CMA).":[576],"To":[577],"reap":[578],"benefits":[579],"initiatives,":[583],"it":[584],"requires":[585],"realistic":[586],"time":[587],"span,":[588],"political":[589],"will,":[590],"understandings":[592],"awareness,":[594],"commitment":[595],"self-disciplined":[597],"actions":[599],"fellow":[605],"citizens.":[606]},"counts_by_year":[{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}