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Towards a CARICOM montary union.

By:

HAREWOOD, T. Ainsworth

Material type: Text

TextPublication details: 1993Action note:

3/7/00 M2LMGR

Summary: Notes that the search for monetary integration is based on two main principles, viz. (1) that monetary integration would complement Caribbean integration in other areas by fostering a commonality of exchange rate and monetary policies; and, (2) that monetary integration engenders stability in the exchange rate itself, not only among Caribbean currencies but also vis a vis the rest of the world. Outlines eight significant implications of monetary union in the Caribbean.

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Notes that the search for monetary integration is based on two main principles, viz. (1) that monetary integration would complement Caribbean integration in other areas by fostering a commonality of exchange rate and monetary policies; and, (2) that monetary integration engenders stability in the exchange rate itself, not only among Caribbean currencies but also vis a vis the rest of the world. Outlines eight significant implications of monetary union in the Caribbean.

3/7/00 M2LMGR

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