Eastern Caribbean Currency Union: Selected Issues
March 28, 2003
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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.
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Labor, Pension spending, Pensions, Public debt, Tourism
Keywords: bank, Caribbean, CARICOM country, Commercial banks, CR, ECCB benchmark, ECCU country, ECCU member, Global, government, ISCR, OECS country, Pension spending, Pensions, South Asia, Tourism, West Africa
Pages:
130
Volume:
2003
DOI:
Issue:
088
Series:
Country Report No. 2003/088
Stock No:
1ECCEA0022003
ISBN:
9781451811643
ISSN:
1934-7685
