Is there a case for a single currency for the South Pacific Islands
|Collections||Pacific Economic Bulletin (1991-2010)|
|Title:||Is there a case for a single currency for the South Pacific Islands|
|Publisher:||Crawford School of Public Policy, The Australian National University|
Asia Pacific Press
This article examines the case for the Pacific island countries to adopt a single currency by establishing a currency union on the basis of optimal currency area conditions, pre-union trade patterns, asymmetric economic shocks, labour mobility and fiscal transfers. It indicates that the Pacific island countries which have recently decided to form a free trade area would prefer to await the full effects of trade liberalisation before forging higher forms of integration.
|181_currency.pdf||77.34 kB||Adobe PDF|
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