Björksten, Nils; Grimes, Arthur; Karagedikli, Özer; … - Reserve Bank of New Zealand - 2004
The merits of a trans-Tasman currency union have been debated in both New Zealand and Australia. It has been suggested that the New Zealand economy may not behave too differently from at least some of the Australian states, ie they have similar characteristics and they face similar shocks. We...