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Eastern Caribbean Currency Union: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic’s peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.

Suggested Citation

  • International Monetary Fund, 2004. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2004/335, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/335
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17805
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    1. International Monetary Fund, 2003. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2003/088, International Monetary Fund.
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    Cited by:

    1. Rupa Duttagupta & Ms. Yan M Sun, 2008. "Price Dynamics in the Eastern Caribbean," IMF Working Papers 2008/090, International Monetary Fund.
    2. International Monetary Fund, 2012. "Algeria: Selected Issues Paper," IMF Staff Country Reports 2012/022, International Monetary Fund.

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