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Monetary Stability in Economic Development

Garnaut, Ross


This paper addresses four issues. The first is the identification of the regimes amongst which a choice can sensibly be made. The second is whether the use of an external currency would create a ‘currency area’ that would be more helpful to economic development than monetary independence. The third is whether, if monetary independence were likely to be optimal in theory, it would be superior in practice to integration into an external currency area, given the likely qualities of monetary...[Show more]

CollectionsANU Crawford School of Public Policy
ANU Research Publications
Date published: 2005
Type: Journal article
Source: Pacific Economic Bulletin


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