Eastern Caribbean Currency Union: Selected Issues
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Summary:
This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency Union (ECCU). The paper concludes that the ECCU countries have lost competitiveness globally and vis-à-vis newly emergent Caribbean tourist destinations as a result of both price and nonprice factors. The short-term measures implemented by the countries seem to have been insufficient to prevent further declines in 2002. The paper also describes strengthening fiscal discipline through fiscal benchmarks.
Series:
Country Report No. 2003/088
Subject:
Banking Commercial banks Economic sectors Expenditure Financial institutions Labor Pension spending Pensions Public debt Tourism
English
Publication Date:
March 28, 2003
ISBN/ISSN:
9781451811643/1934-7685
Stock No:
1ECCEA0022003
Pages:
130
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