English, Article edition: A Currency Union Between Australia and New Zealand? Peter J. Lloyd; Lei Lei Song

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Bookmark: http://trove.nla.gov.au/version/158721
Physical Description
  • article
Language
  • English

Edition details

Title
  • A Currency Union Between Australia and New Zealand?
Author
  • Peter J. Lloyd
  • Lei Lei Song
Physical Description
  • article
Notes
  • This paper examines the case for a monetary union, involving a common currency and a common central bank, between Australia and New Zealand. It gives a statistical profile of features of the economies that are relevant to the economic debate. The analysis follows a neo-Mundellian framework that separates the macroeconomic effects from the microeconomic effects. It examines the effects on individual goods, financial and foreign exchange markets, and discusses public choice issues. In the absence of research on the magnitude of the microeconomic gains and on the effects of a monetary union on the Australian economy, we do not advocate a monetary union at the present time.
  • Monetary union; neo-mundellian framework; independent monetary policies; exchange rates; monetary block; monetary integration; monetary policy
  • RePEc:cii:cepiei:2006-3tg
Language
  • English
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