Answer to Question #129731 in Economics for Sasha-Gay Dean

Question

d. 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? (6 marks)

Answer 1

It would 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, because all the countries have different development level, inflation and growth rates.