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Eastern Caribbean Currency Union: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision

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  • International Monetary Fund

Abstract

This Financial System Stability Assessment on the Eastern Caribbean Currency Union (ECCU) reviews overall stability assessment. The fiscal position of the governments in the region has deteriorated sharply in recent years. A source of strength of the ECCU has been the large historical presence of strong foreign banks. However, the structure of the banking industry is changing with the entry of more aggressive regional banks, and the share of privately owned banks has increased. The limited activity of the organized ECCU securities markets reflects the small number of securities available for trading.

Suggested Citation

  • International Monetary Fund, 2004. "Eastern Caribbean Currency Union: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision," IMF Staff Country Reports 2004/293, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/293
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17718
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    Cited by:

    1. Ms. Sumiko Ogawa & Mr. Joonkyu Park & Ms. Diva Singh & Ms. Nita Thacker, 2013. "Financial Interconnectedness and Financial Sector Reforms in the Caribbean," IMF Working Papers 2013/175, International Monetary Fund.

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