The Eastern Caribbean Currency Union : Would a Fiscal Insurance Mechanism Mitigate National Income Shocks? »
Series: IMF Working Papers
Author(s): Paul Cashin , and Antonio Lemus
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: Fiscal insurance mechanism, transfers, tax revenue, asymmetric shocks, monetary union, aggregate demand, Economic Growth of Open Economies, Taxation, Subsidies, and Revenue: General
This paper studies the nature of the shocks affecting the Eastern Caribbean Currency Union (ECCU), and examines whether a hypothetical Eastern Caribbean fiscal insurance mechanism could insure member countries of t...