04788oam 22012134 450 991096125380332120251116183912.0978661382058797814623356711462335675978145270876814527087629781282392151128239215897814519094701451909470(CKB)3360000000443098(EBL)3014459(SSID)ssj0000943005(PQKBManifestationID)11592954(PQKBTitleCode)TC0000943005(PQKBWorkID)10974704(PQKB)10008590(OCoLC)694141124(IMF)WPIEE2006234(MiAaPQ)EBC3014459(IMF)WPIEA2006234WPIEA2006234(EXLCZ)99336000000044309820020129d2006 uf 0engur|n|---|||||txtccrPacific Island Countries : Possible Common Currency Arrangement /David Orsmond, Christopher Browne1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (20 p.)IMF Working Papers"October 2006."9781451864946 1451864949 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. ECONOMIC CHARACTERISTICS AND EXCHANGE RATE POLICY IN THE PACIFIC REGION ""; ""III. COMMON CURRENCY AREAS: EXPERIENCE IN OTHER REGIONS""; ""IV. ISSUES IN THE CONSIDERATION OF A COMMON CURRENCY AREA IN THE PACIFIC REGION""; ""V. CONCLUDING REMARKS""; ""References""This paper examines the potential advantages and disadvantages of adopting a common currency arrangement among the six IMF member Pacific island countries that have their own national currency. These countries are Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu. The study explains that the present exchange rate regimes-comprising pegging to a basket of currencies for five countries and the floating arrangement for Papua New Guinea-have generally succeeded in avoiding inflationary, balance of payments, external debt, and financial system problems. The study concludes that adopting a common currency in the Pacific would require greater convergence of domestic policies and substantial strengthening of regional policies, which would take time to achieve.IMF Working Papers; Working Paper ;No. 2006/234Monetary unionsIslands of the PacificMoneyIslands of the PacificCurrenciesimfCurrencyimfDevelopment Planning and Policy: Trade PolicyimfExchange rate arrangementsimfExchange rate policyimfExchange ratesimfExports and ImportsimfFactor MovementimfFinancial Aspects of Economic IntegrationimfForeign Exchange PolicyimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfInternational economicsimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfRegimesimfStandardsimfPapua New GuineaimfMonetary unionsMoneyCurrenciesCurrencyDevelopment Planning and Policy: Trade PolicyExchange rate arrangementsExchange rate policyExchange ratesExports and ImportsFactor MovementFinancial Aspects of Economic IntegrationForeign Exchange PolicyForeign ExchangeForeign exchangeGovernment and the Monetary SystemInternational economicsMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsRegimesStandardsOrsmond David1816605Browne Christopher1630698International Monetary Fund.Asia and Pacific Department.DcWaIMFBOOK9910961253803321Pacific Island Countries4372843UNINA