A Common Currency for the Pacific Region PDF Download

Author: Kraiwinee Bunyaratavej
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 30

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Author: Satish Chand
Publisher: ANU E Press
ISBN: 192094253X
Category : Political Science
Languages : en
Pages : 280

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Book Description
Brings together experts from around the world to consider specific issues pertaining to regional integration and governance within small states. The authors collectively address the challenges posed to small states by the quickened pace of globalisation. The lessons learnt from the experiences of small states are then used to draw policy lessons for the Pacific island countries.

Author: T. K. Jayaraman
Publisher:
ISBN: 9781621004301
Category : Currency question
Languages : en
Pages : 0

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Book Description
Regional integration has been the goal of Pacific Islands Forum, an intergovernmental organisation, ever since its inception in 1971. The Forum comprises the 14 Pacific island countries and the region's two advanced countries, Australia and New Zealand. The birth of a common currency, the Euro in 1999 in Europe for the initial 11 members, country Eurozone inspired the leaders to renew their efforts towards creating a single economic space for the region. A common currency for the region was proposed by the Australian Senate Committee on Foreign Affairs, Defence and Trade. This book examines the feasibility of a common currency from various angles including the well known optimum currency area criteria point of view.

Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226387089
Category : Business & Economics
Languages : en
Pages : 441

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The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond.

Author: Eswar Prasad
Publisher: Brookings Institution Press
ISBN: 0815738544
Category : Business & Economics
Languages : en
Pages : 203

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" Assessing the potential benefits and risks of a currency union Leaders of the fifteen-member Economic Community of West African States (ECOWAS) have set a goal of achieving a monetary and currency union by late 2020. Although some progress has been made toward achieving this ambitious goal, major challenges remain if the region is to realize the necessary macroeconomic convergence and establish the required institutional framework in a relatively short period of time. The proposed union offers many potential benefits, especially for countries with historically high inflation rates and weak central banks. But, as implementation of the euro over the past two decades has shown, folding multiple currencies, representing disparate economies, into a common union comes with significant costs, along with operational challenges and transitional risks. All these potential negatives must be considered carefully by ECOWAS leaders seeking tomeet a self-imposed deadline. This book, by two leading experts on economics and Africa, makes a significant analytical contribution to the debates now under way about how ECOWAS could achieve and manage its currency union, andthe ramifications for the African continent. "

Author: Dave Peebles
Publisher: ANU E Press
ISBN: 1920942467
Category : Social Science
Languages : en
Pages : 338

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Book Description
New policies are needed if the Pacific is to realise its potential as a peaceful, prosperous region, where the Pacific's citizens enjoy good standards of health and education, long lives and many opportunities; where Pacific economic growth is constantly improving, driven by environmentally sustainable service industries; where coups, civil conflict and the dangers of failed states have been relegated to the past; where the Pacific is integrated into the wider region, and is an influential voice in world affairs. Argues that Pacific countries including Australia, need to embrace regional integration to realise this vision. The book sets out a comprehensive plan for realising a Pacific regional community dedicated to promoting sustainable development, security, human rights, the rule of law and democracy.

Author: T. K. Jayaraman
Publisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 28

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Author: Christopher Browne
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
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.

Author: Ian Frazer
Publisher: Routledge
ISBN: 1351906011
Category : Political Science
Languages : en
Pages : 216

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Book Description
This comprehensive volume examines the future effectiveness of regional institutions as well as key questions concerning the attempts to overcome ongoing serious problems of security, governance and poor economic performance in the Pacific. What is obvious from this collection is that a new and stronger commitment to overcoming national problems is required through regional cooperation. The volume is highly suited to courses on international political economy, security and regional cooperation.

Author: John R. Schermerhorn, Jr.
Publisher: John Wiley & Sons
ISBN: 1119820677
Category :
Languages : en
Pages : 499

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