The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues

Author/Editor: Van Beek, Frits ; Rosales, J. R. ; Zermeno Livas, Mayra Rebecca ; Randall, Ruby ; Shepherd, Jorge
Publication Date: August 11, 2000
Electronic Access: Link to Abstract

Summary: The Eastern Caribbean Central Bank is one of just a few regional central banks in the world and the only one where the member countries have pooled all their foreign reserves, the convertability of the common currency is fully self-supported, and the parity of the exchange rate has not changed. This occasional paper reviews recent developments, policy issues, and institutional arrangements in the member countries of the Eastern Caribbean Currency Union, and looks at the regional financial system, its supervision, and the central bank's initiatives to establish a single financial space. The paper includes a large amount of statistical information that is not readily available elsewhere from a single source.
Series: Occasional Paper No. 195
Subject(s): Monetary unions

Publication Date: August 11, 2000
ISBN/ISSN: ISBN 1-55775-894-8 ; ISSN 0251-6365 Format: ¬
Stock No: S195EA0000000 Pages: 75
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