Huart, Florence; Lagadec, Gaël - In: Economics Bulletin 33 (2013) 1, pp. 113-125
New Caledonia has a structural trade deficit. Public transfers from the French State amount to a large part of credits in the current account balance. The local currency, the franc XPF, has had a fixed parity against the euro since 1999. In prospect of independence, which would imply a loss (or...