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Eastern Caribbean Currency Union: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes the income dispersion and comovement in the Eastern Caribbean Currency Union region. It finds that incomes are diverging, with the Leeward Islands converging to a higher income level than the Windward Islands. The paper examines the macroeconomic impact of trade preference erosion on the Windward Islands and demonstrates the substantial impact from preference erosion on growth, trade balances, and fiscal positions. The paper also analyzes the size of the informal economy in the Caribbean.

Suggested Citation

  • International Monetary Fund, 2007. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2007/097, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/097
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    References listed on IDEAS

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    1. Bouton, L. & Sumlinski, M.A., 2000. "Trends in Private Investment in Developing Countries. Statistics for 1970-1998," Papers 41, World Bank - International Finance Corporation.
    2. Mr. Shaun K. Roache, 2006. "Domestic Investment and the Cost of Capital in the Caribbean," IMF Working Papers 2006/152, International Monetary Fund.
    3. Lawrence Bouton & Mariusz A. Sumlinski, 2000. "Trends in Private Investment in Developing Countries : Statistics for 1970-1998," World Bank Publications - Books, The World Bank Group, number 13986.
    4. Khan, Mohsin S & Kumar, Manmohan S, 1997. "Public and Private Investment and the Growth Process in Developing Countries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(1), pages 69-88, February.
    5. Lederman, Daniel & Menendez, Ana Maria & Perry, Guillermo & Stiglitz, Joseph, 2003. "Mexican investment after the Tequila crisis: basic economics, "confidence" effects or market imperfections?," Journal of International Money and Finance, Elsevier, vol. 22(1), pages 131-151, February.
    6. Shaun K. Roache, 2006. "Domestic Investment and the Cost of Capital in the Caribbean," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3).
    7. Mr. Sebastian Sosa, 2006. "Tax Incentives and Investment in the Eastern Caribbean," IMF Working Papers 2006/023, International Monetary Fund.
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    Cited by:

    1. Mr. Shaun K. Roache, 2007. "Public Investment and Growth in the Eastern Caribbean," IMF Working Papers 2007/124, International Monetary Fund.
    2. International Monetary Fund, 2011. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2011/032, International Monetary Fund.
    3. World Bank, 2010. "Strengthening Caribbean Pensions : Improving Equity and Sustainability," World Bank Publications - Reports 2847, The World Bank Group.
    4. Downes, Andrew S., 2009. "Flexible labour markets, workers' protection and active labour market policies in the Caribbean," Macroeconomía del Desarrollo 5453, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Mr. Hunter K Monroe, 2009. "Can the Eastern Caribbean Currency Union Afford to Grow Old?," IMF Working Papers 2009/038, International Monetary Fund.

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