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The Caribbean
			: From Vulnerability to Sustained Growth

The Caribbean : From Vulnerability to Sustained Growth »

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

DOI: http://dx.doi.org/10.5089/9781589065147.071

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

This book sets out the economic challenges facing the island nations of the Caribbean and presents policy options to ameliorate external shocks and embark firmly on a sustained growth path. While the countries of t...

Debt Sustainability under Catastrophic Risk

Debt Sustainability under Catastrophic Risk »

Source: Debt Sustainability under Catastrophic Risk : The Case for Government Budget Insurance

Volume/Issue: 2008/44

Series: IMF Working Papers

Author(s): Eduardo Cavallo , Eduardo Borensztein , and Patricio Valenzuela

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869064

Keywords: Natural Disasters, disasters, disaster, hurricane, reconstruction,

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper...

Asia and Pacific Small States Monitor, August 2014

Asia and Pacific Small States Monitor, August 2014 »

Series: Other Periodicals

Author(s): Shari Boyce , Sergei Dodzin , Ezequiel Cabezon , Fazurin Jamaludin , Yiqun Wu , and Rosanne Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2014

DOI: http://dx.doi.org/10.5089/9781498309073.029

ISBN: 9781498309073

Keywords: natural disasters, disasters, monetary policy, fiscal multipliers, government spending

This issue of the Asia & Pacific Small States Monitor focuses on the challenges facing Asia and Pacific small states associated with natural disasters and climate change. Most tourism-oriented economies experienced...

1. Overview

1. Overview »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The Caribbean islands have a distinct place in world history and culture that belies their small physical size. During the conquest of the Americas starting in the 17th century, the islands took...

2 Stabilization, Debt, and Fiscal Policy in the Caribbean

2 Stabilization, Debt, and Fiscal Policy in the Caribbean »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

This chapter examines the macroeconomic performance of the Caribbean countries since the 1990s, with a special emphasis on their public debt accumulation. Most Caribbean countries have a high le...

3 Fiscal Policy: Is the Eastern Caribbean Currency Union a Free-Riding Paradise?

3 Fiscal Policy: Is the Eastern Caribbean Currency Union a Free-Riding Paradise? »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

Currency unions with fixed exchange rates can induce mutually conflicting fiscal incentives. On the one hand, fiscal overspending by one country can trigger a costly abandonment of the peg for the entire uni...

4 Key Features of Caribbean Business Cycles

4 Key Features of Caribbean Business Cycles »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The study of business cycles or the pattern of fluctuations in economic activity has a long history in economics. Since the seminal work of Burns and Mitchell (1946) and their colleagues at the...

5 Islands of Stability? Determinants of Macroeconomic Volatility in the Eastern Caribbean Currency Union

5 Islands of Stability? Determinants of Macroeconomic Volatility in the Eastern Caribbean Currency Union »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

With their high degree of openness, dependence on tourism, and proneness to natural disasters, the countries of the Eastern Caribbean Currency Union (ECCU) are unusually exposed to external shoc...

6 The Eastern Caribbean Currency Union Banking System in a Time of Fiscal Challenge

6 The Eastern Caribbean Currency Union Banking System in a Time of Fiscal Challenge »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The small island economies of the Eastern Caribbean Currency Union (ECCU) have not fared well since the mid–1990s, having been hit by a number of external shocks including natural disasters, ero...

7 Natural Disasters and Their Macroeconomic Implications

7 Natural Disasters and Their Macroeconomic Implications »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

Windstorms, floods, droughts, and other potentially damaging natural events occur regularly across the world, but only on occasion do they lead to natural disasters. Whether an event will develo...