Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Dollarization of the South Pacific Island Countries: Results of a Preliminary Study

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Perspectives on Global Development and Technology
For more content, please see Journal of Developing Societies.

This paper examines the case for adopting the Australian dollar as a common currency among the island countries in the South Pacific. The proposal of a single currency was informally floated by Australia at the Pacific Forum Leaders Meeting in Auckland, in August 2003. The Pacific Forum consists of 14 developing island countries and the developed countries in the region, namely, Australia and New Zealand. In early 2003, a committee of the Australian Senate recommended adoption of a single currency as a possible remedy to meet the deteriorating economic situations in the Pacific island countries, arising out of poor fiscal discipline and failure to effectively use external aid inflows. Successful adoption of a single currency with either a new currency or an existing currency of a dominant partner in trade and development requires the fulfillment of various prerequirements, which are well known as optimum currency area conditions. The paper assesses the feasibility of the proposal in the light of these conditions and concludes that the time for adoption has not yet arrived.


Full text loading...


Data & Media loading...

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Perspectives on Global Development and Technology — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation