Eastern Caribbean Currency Union: Selected Issues
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Summary:
This Selected Issues paper analyzes the income dispersion and comovement in the Eastern Caribbean Currency Union region. It finds that incomes are diverging, with the Leeward Islands converging to a higher income level than the Windward Islands. The paper examines the macroeconomic impact of trade preference erosion on the Windward Islands and demonstrates the substantial impact from preference erosion on growth, trade balances, and fiscal positions. The paper also analyzes the size of the informal economy in the Caribbean.
Series:
Country Report No. 2007/097
Subject:
Agricultural commodities Commodities Economic sectors Exports Financial institutions Informal economy International trade National accounts Personal income Securities
English
Publication Date:
March 6, 2007
ISBN/ISSN:
9781451811704/1934-7685
Stock No:
1ECCEA2007002
Pages:
107
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