Leighton Harris’s research while affiliated with International Monetary Fund and other places

What is this page?

This page lists works of an author who doesn't have a ResearchGate profile or hasn't added the works to their profile yet. It is automatically generated from public (personal) data to further our legitimate goal of comprehensive and accurate scientific recordkeeping. If you are this author and want this page removed, please let us know.

Publications (2)

Figure 3.1. CMA: Average Real GDP Growth Rate, 1980-2005 (Percent)
Figure 3.5. CMA: Average Inflation and Exchange Rate Volatility, 1996-2005 1
Figure 3.8. Commercial Bank Prime Lending Rates, 1996-2005 (Percent)
Figure 3.9. Small CMA Countries: Number of Migrants (Net),
Table 3 .5. Monthly Minimum Wages in the Manufacturing Sector, 1990-2003

+5

The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges
  • Article
  • Full-text available

August 2007

·

2,438 Reads

·

70 Citations

IMF Working Paper

·

Kazuko Shirono

·

Leighton Harris

·

Jian-Ye Wang

This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of policies. The paper draws the main lessons from the CMA experience, identifies key policy challenges, and discusses the issues facing the member countries in their efforts to achieve sustained growth. Implications for further economic integration in a broader regional context are also noted.

Download

Citations (2)

... This is likely the case because members of the CMA (Lesotho, Namibia, South Africa and Swaziland) constantly set themselves targets to be met in terms of reserves accumulation, led mainly by the regional de facto Central bank, the South African. For example, smaller economies in the CMA are required to maintain foreign reserves of at least equivalent to the total amount of local currencies they issue (Wang, Masha, Shirono, & Harris, 2007). Similar to this is the requirement placed by France on French colonies in Africa to hold 50 percent of foreign reserves in the Bank of France. ...

Reference:

Determinants of demand for international reserves in the SADC region
The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges
  • Citing Article

  • January 2007

SSRN Electronic Journal

·

Jian-Ye Wang

·

Kazuko Shirono

·

Leighton Harris

... Fourth, for the SAMU, Grandes (2003) and Debrun and Masson (2013) provide perspectives on its feasibility, Agdeyegbe, (2009) recommends against the union while the greater bulk of the literature in the strand advocates for a currency zone subject to improvements in compliant conditions in potential members states (Khamfula & Huizinga, 2004;Wang et al., 2007;Jefferis, 2007;Masson, 2008;Masson, 2008;Bangaké, 2008;Zehirun et al., 2015;Asongu et al., 2020b). ...

Reference:

An Index of African Monetary Integration (IAMI)
The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges

IMF Working Paper

·

Kazuko Shirono

·

Leighton Harris

·

Jian-Ye Wang