Patterns of Shocks and Regional Currency for the Pacific Islands

• 영문명: Patterns of Shocks and Regional Currency for the Pacific Islands
• 발행기관: 세종대학교 경제통합연구소
• 저자명: T. K. Jayaraman
• 간행물 정보: 『Journal of Economic Integration』제21권 제1호, 99~119쪽, 전체 21쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2006.03.31

영문 초록

The fourteen Pacific island countries, under the auspices of their regional organization known as the Pacific Forum, launched two major initiatives in 2002 to introduce unhindered trade amongst themselves by 2010 and usher in an enlarged free trade area with Australia and New Zealand by 2015. Thus, trade integration efforts are expected to lead to greater economic integration of the region. In the meanwhile, in 2003 Australia mooted the idea of a single currency for the region as a whole. Although the Pacific Forum, which also includes Australia and New Zealand, has not formally discussed the proposal so far, there is considerable debate ongoing on the subject of common currency. This paper examines the patterns of shocks, which have affected the region during the last two decades; seeks to investigate whether these shocks have been of similar nature; and evaluates whether these countries are presently suitable candidates for a currency union so that union-wide policies in the event of a currency union can be successfully pursued.

목차

Ⅰ. Introduction

Ⅱ. Economic Integration Efforts in the Pacific Island Countries

Ⅲ. Empirical Analysis and Results

Ⅳ. Conclusions

키워드

Pacific Islands Shocks Currency Union