The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues

Ruby Randall, Jorge Shepherd, Frits Van Beek, J. Rosales and Mayra Zermeno

No 2000/012, IMF Occasional Papers from International Monetary Fund

Abstract: The Eastern Caribbean Central Bank is one of just a few regional central banks in the world and the only one where the member countries have pooled all their foreign reserves, the convertability of the common currency is fully self-supported, and the parity of the exchange rate has not changed. This occasional paper reviews recent developments, policy issues, and institutional arrangements in the member countries of the Eastern Caribbean Currency Union, and looks at the regional financial system, its supervision, and the central bank's initiatives to establish a single financial space. The paper includes a large amount of statistical information that is not readily available elsewhere from a single source.

Keywords: OP; member government; government; CARICOM state; market; merchandise import; governments in the region; EU banana regime; Commercial banks; Loans; Agricultural commodities; Credit; Public investment spending; Caribbean (search for similar items in EconPapers)
Pages: 65
Date: 2000-08-11
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Citations: View citations in EconPapers (8)

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