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Eastern Caribbean Currency Union: Selected Issues

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2003. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2003/088, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/088
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16453
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    Cited by:

    1. Bolaky, Bineswaree, 2011. "Tourism competitiveness in the Caribbean," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. International Monetary Fund, 2004. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2004/335, International Monetary Fund.

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