Eastern Caribbean Currency Union: Selected Issues

International Monetary Fund

No 2004/335, IMF Staff Country Reports from 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.

Keywords: ISCR; CR; ECCU country; bank; insurance market; growth cycle; public debt to GDP ratio; ECCU bank; Natural disasters; Real exchange rates; Business cycles; Tourism; Caribbean; Global (search for similar items in EconPapers)
Pages: 160
Date: 2004-10-27
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Citations: View citations in EconPapers (2)

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