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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aPacific Island Countries : $ePossible Common Currency Arrangement /$fDavid Orsmond, Christopher Browne
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (20 p.)
225 1 $aIMF Working Papers
300   $a"October 2006."
311   $a1-4518-6494-9 
320   $aIncludes bibliographical references.
327   $a""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""
330 3 $aThis paper examines the potential advantages and disadvantages of adopting a common currency arrangement among the six IMF member Pacific island countries that have their own national currency. These countries are Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu. The study explains that the present exchange rate regimes-comprising pegging to a basket of currencies for five countries and the floating arrangement for Papua New Guinea-have generally succeeded in avoiding inflationary, balance of payments, external debt, and financial system problems. The study concludes that adopting a common currency in the Pacific would require greater convergence of domestic policies and substantial strengthening of regional policies, which would take time to achieve.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/234
606   $aMonetary unions$zIslands of the Pacific
606   $aMoney$zIslands of the Pacific
606   $aExports and Imports$2imf
606   $aForeign Exchange$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMonetary Systems$2imf
606   $aStandards$2imf
606   $aRegimes$2imf
606   $aGovernment and the Monetary System$2imf
606   $aPayment Systems$2imf
606   $aFinancial Aspects of Economic Integration$2imf
606   $aDevelopment Planning and Policy: Trade Policy$2imf
606   $aFactor Movement$2imf
606   $aForeign Exchange Policy$2imf
606   $aMonetary economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aInternational economics$2imf
606   $aCurrencies$2imf
606   $aMonetary unions$2imf
606   $aExchange rate arrangements$2imf
606   $aExchange rate policy$2imf
606   $aExchange rates$2imf
606   $aMoney$2imf
607   $aPapua New Guinea$2imf
615  0$aMonetary unions
615  0$aMoney
615  7$aExports and Imports
615  7$aForeign Exchange
615  7$aMoney and Monetary Policy
615  7$aMonetary Systems
615  7$aStandards
615  7$aRegimes
615  7$aGovernment and the Monetary System
615  7$aPayment Systems
615  7$aFinancial Aspects of Economic Integration
615  7$aDevelopment Planning and Policy: Trade Policy
615  7$aFactor Movement
615  7$aForeign Exchange Policy
615  7$aMonetary economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aInternational economics
615  7$aCurrencies
615  7$aMonetary unions
615  7$aExchange rate arrangements
615  7$aExchange rate policy
615  7$aExchange rates
615  7$aMoney
700   $aOrsmond$b David$01462090
701   $aBrowne$b Christopher$01462091
712 02$aInternational Monetary Fund.$bAsia and Pacific Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788522003321
996   $aPacific Island Countries$93670942
997   $aUNINA