Exchange Rate Volatility and Choice of Anchor Currency - Prospects for a Melanesian Currency Union
- Description:
- This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis focuses on the effects of a currency union on exchange rate volatility following similar approach by Scrimgeour (2002). Counterfactual exchange ra...
- Location:
- Melanesia
- Format:
- Scholarly text
- Collections:
- Otago University Research Archive
- Publisher:
- University of Otago
- Content partner:
- University of Otago
- Availability:
- Not specified
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