IMF Staff Country Reports

Eastern Caribbean Currency Union: Selected Issues

March 6, 2007

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Eastern Caribbean Currency Union: Selected Issues, (USA: International Monetary Fund, 2007) accessed September 19, 2024

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.

Subject: Agricultural commodities, Commodities, Economic sectors, Exports, Financial institutions, Informal economy, International trade, National accounts, Personal income, Securities

Keywords: Agricultural commodities, Caribbean, Cost of capital, CR, ECCU country, EU banana regime, Exports, FDI deflator, Financing cost of capital, Global, Income, Income catch up, Informal economy, Informal economy estimate, ISCR, Per capita income, Personal income, Securities, Size of the informal economy, Social security scheme

Publication Details

  • Pages:

    107

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/097

  • Stock No:

    1ECCEA2007002

  • ISBN:

    9781451811704

  • ISSN:

    1934-7685