This study utilises the generalised purchasing power parity (GPPP) to assess the feasibility of a monetary union in the East African Community (EAC) region. Time series and panel vector error correction models (VCM) were used to analyse monthly data from 1996-2016 for the five EAC countries. The cointegration results support the existence of a long-run relationship between the tested ... https://www.itsmajorlook.com/