Series: IMF Working Papers
Author(s): Yiqun Wu , Patrizia Tumbarello , and Niamh Sheridan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: Pacific islands, spillover, downside scenarios, equation, statistic, cointegration, oil prices
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region's business cycles, and spi...