00952nam a2200121Ia 450000500170000008000180001710000200003524500970005526000280015230000160018052006150019658300190081120260716042957.0  a03.02.03 S989  aAllen, Errol N.  aRole of monetary and exchange rate policy in the long term development of the OECS countries  bOECSaSt John'sATc1987  a[31 leaves]  aDiscusses 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.  c3/7/00kM2LMGR