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Three Perspectives on an Australasian Monetary Union
Abstract
Whether Australia and New Zealand should have a single currency is periodically debated in New Zealand. There was a resounding ‘No’ when the question was discussed in the early 1990s, but there was less agreement when the debate resurfaced two or three years ago. Indeed, the idea now has considerable support within New Zealand amongst academics, businessmen, and the general public. Even the Prime Minister, Helen Clark, has suggested that an Australasian monetary union might be sensible. While there have been different motives for the debate, underlying them all is the following question: what policy goals are New Zealand hoping to achieve by having an independent currency and monetary policy, and are there alternative means to achieving these goals?
Citation
Coleman, Andrew. 2001. "Three Perspectives on an Australasian Monetary Union" in David Gruen and John Simon (Eds.) Future Directions for Monetary Policies in East Asia" (Sydney: Reserve Bank of Australia)
Motu code: MYS0169
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