00976nam a2200133Ia 4500 03.02.03 S989 Allen, Errol N. Role of monetary and exchange rate policy in the long term development of the OECS countries OECS St John'sAT 1987 [31 leaves] Discusses economic development through the use of instruments of monetary policy in general and in particular the exchange rate. Sees fiscal and monetary policy as well as direct controls as the main instruments of economic policy which can be targeted to achieve growth and development. Puts forward the view that foreign aid has contributed to an adequate supply of foreign exchange and has consequently led to comparatively low exchange rates. Briefly discusses monetary integration in the OECS states. Sees the harmonization of tax systems in a monetary union as a means of fostering trade and mobility. 3/7/00 M2LMGR M S989 14759 14759 0 0 0 0 CRCM CRCM 2023-05-04 0 03.02.03 S989 0000000008773 2023-05-04 00:00:00 2023-05-04 M