Eastern Caribbean Currency Union : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

October 27, 2004

Electronic Access:

Free Full Text (PDF file size is 1310 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic’s peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.

Series:

Country Report No. 04/335

Subject:

English

Publication Date:

October 27, 2004

ISBN/ISSN:

9781451811667/1934-7685

Stock No:

1ECCEA0032004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

160

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