Jayaraman, T.K.2019-03-302019-03-3020031834-9455 (online)0817-8038 (print)181_currency.pdfhttp://hdl.handle.net/1885/157676This 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.1 vol.application/pdfen-AUAuthor/s retain copyright