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Eastern Caribbean Currency Union: Selected Issues

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  • International Monetary Fund

Abstract

The objective of this paper is to analyze the growth performance of the ECCU countries since independence and the policy challenges they face to ensure sustained growth in the period ahead. Although tourism specialization may bring about higher growth, it could also increase volatility in growth by amplifying the impact of business cycles in source countries on the tourism sector. Low productivity growth is principally the reason for the slowdown in growth. High debt levels have been a major drag on growth.

Suggested Citation

  • International Monetary Fund, 2011. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2011/032, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/032
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    as
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    2. International Monetary Fund, 2007. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2007/097, International Monetary Fund.
    3. 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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    8. World Bank, 2005. "Latin America and the Caribbean : A Time to Choose, Caribbean Development in the 21st Century," World Bank Publications - Reports 8542, The World Bank Group.
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