Managing Papua New Guinea's kina
|Collections||Pacific Economic Bulletin (1991-2010)|
|Title:||Managing Papua New Guinea's kina|
|Publisher:||Crawford School of Public Policy, The Australian National University|
Asia Pacific Press
It is commonly perceived that the floating of the kina substantially reduced the government?s control of the exchange rate and consequently the importance of exchange rate policy. But, because of circumstances specific to Papua New Guinea, the government continues to have a dominant role in determining the value of the kina. The main developments in exchange rate management in the last two decades and the past and current relevance of exchange rate policy are assessed.
|121_managing.pdf||61.85 kB||Adobe PDF|
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