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Should Papua New Guinea adopt a stronger exchange rate regime?

CollectionsPacific Economic Bulletin (1991-2010)
Title: Should Papua New Guinea adopt a stronger exchange rate regime?
Author(s): Duncan, Ronald
Xu, Xinpeng
Date published: 2000
Publisher: Asia Pacific Press
Given the likelihood of further fiscal and monetary indiscipline in the future, the authors look at what exchange rate regime may best reduce the scope for such indiscipline in Papua New Guinea. They argue that a ?strongly-fixed? regime such as a currency board or, preferably, changing to the Australian dollar would be best?to the benefit of reductions in currency, interest rate and inflation risks.
ISSN: 0817-8038


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