Economics at your fingertips  

Monetary Union and Fiscal Discipline Evidence from CARICOM

Troy Lorde (), Brian Francis and Mahalia Jackman
Additional contact information
Brian Francis: University of the West Indies

Ekonomia, 2009, vol. 12, issue 2, 109-126

Abstract: This study examines the disciplanary effect of monetary union in the Caribbean Community (CARICOM); specifically, whether there is a systematic difference between fiscal discipline in the Eastern Caribbean Currency Union (ECCU), a sub-regular grouping in CARICOM and other CARICOM members which retain monetary sovereignty. Fixed effects estimation is applied to a panel of 12 CARICOM countries over the period 1984-2004. Results indicate that non-ECCU countries are relatively more fiscally disciplined than ECCU countries, and that the dissimilarities between the 2 groups may be attributed to differences in real GDP per capita, openness, net international reserves and financial depth.

JEL-codes: C33 E62 F15 F33 F42 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Ekonomia from Cyprus Economic Society and University of Cyprus Contact information at EDIRC.
Bibliographic data for series maintained by Managing Editor ().

Page updated 2020-11-11
Handle: RePEc:ekn:ekonom:v:12:y:2009:i:2:p:109-126