Eastern Caribbean Currency Union: Selected Issues

International Monetary Fund

No 2007/097, IMF Staff Country Reports from 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.

Keywords: ISCR; CR; income; cost of capital; per capita income; ECCU country; informal economy estimate; social security scheme; income catch up; EU banana regime; financing cost of capital; FDI deflator; size of the informal economy; Informal economy; Personal income; Agricultural commodities; Securities; Exports; Caribbean; Global (search for similar items in EconPapers)
Pages: 107
Date: 2007-03-06
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/097

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