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English speaking caribbean islands

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'Jamaica's exchange rate has declined rapidly over the last thirty years even when it was subjected to IMF stabilization macro-economic measures. Some analysts believe that Jamaica should use a fixed exchange rate system like that of Barbados or the Eastern Caribbean countries but others argue that circumstances determine stability not the system'.

Why would it be difficult for Jamaica to join most of the other English speaking Caribbean islands and use a fixed exchange rate and a single currency in the region

Reference no: EM132606417

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