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Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union

Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union »

Volume/Issue: 2019/110

Series: IMF Working Papers

Author(s): A. E. Wayne Mitchell , Ronald James , and Ann Marie Wickham

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2019

DOI: http://dx.doi.org/10.5089/9781498304214.001

ISBN: 9781498304214

Keywords: Cost of living, Wage bill, Public sector wages, Social safety nets, Civil service census, Public Wage Bill, Fiscal Sustainability, Employment, Institutional Reforms, ECCU

In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of publ...

Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America

Excerpt: Foreign Exchange Intervention in Inflation Targeters in Latin America »

Series: Miscellaneous Publication (Other)

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2019

DOI: http://dx.doi.org/10.5089/FXILAEAEX.073

ISBN: FXILAEAEX

Keywords: Central banks, Exchange policy, Foreign exchange intervention, Monetary policy, Inflation targeting, inflation-targeting;central bank;inflation target;inflation expectation;intervention policy

Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin...

Regional Economic Outlook, April 2018, Western Hemisphere Department
			: Seizing the Momentum

Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

DOI: http://dx.doi.org/10.5089/9781484339879.086

ISBN: 9781484339879

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Regional Economic Outlook, April 2018, Western Hemisphere Department
			: Seizing the Momentum

Regional Economic Outlook, April 2018, Western Hemisphere Department : Seizing the Momentum »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2018

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484348925.086

ISBN: 9781484348925

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018-19 have improved across all regions, reinforced by the expecte...

Unleashing Growth and Strengthening Resilience in the Caribbean

Unleashing Growth and Strengthening Resilience in the Caribbean »

Series: Books

Author(s): Krishna Srinivasan , Inci Otker , Uma Ramakrishnan , and Trevor Alleyne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 November 2017

DOI: http://dx.doi.org/10.5089/9781484315194.071

ISBN: 9781484315194

Keywords: Financial analysis, International financial markets, International financial cooperation, Financial integration, Economic growth, Inclusive growth, Regional integration, Regional economic integration, Economic integration, Caribbean

This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic wel...

Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution »

Volume/Issue: 2017/230

Series: IMF Working Papers

Author(s): Kimberly Beaton , Thomas Dowling , Dmitriy Kovtun , Franz Loyola , Alla Myrvoda , Joel Chiedu Okwuokei , Inci Ötker , and Jarkko Turunen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2017

DOI: http://dx.doi.org/10.5089/9781484326572.001

ISBN: 9781484326572

Keywords: Trinidad and Tobago, Western Hemisphere, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Dominica, Dominican Republic, Grenada, Haiti, Jamaica

The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well a...

Excerpt: Unleashing Growth and Strengthening Resilience in the Caribbean

Excerpt: Unleashing Growth and Strengthening Resilience in the Caribbean »

Series: Miscellaneous Publication (Other)

Author(s): Krishna Srinivasan , Inci Ötker , Uma Ramakrishnan , and Trevor Alleyne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484322154.073

ISBN: 9781484322154

Keywords: Caribbean, Eastern Caribbean Currency Union, Economic growth, Economic integration, Financial analysis, Inclusive growth, International financial cooperation, International financial markets, Regional integration, Financial integration

This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic wel...

Loss of Correspondent Banking Relationships in the Caribbean
			: Trends, Impact, and Policy Options

Loss of Correspondent Banking Relationships in the Caribbean : Trends, Impact, and Policy Options »

Volume/Issue: 2017/209

Series: IMF Working Papers

Author(s): Trevor Alleyne , Jacques Bouhga-Hagbe , Thomas Dowling , Dmitriy Kovtun , Alla Myrvoda , Joel Chiedu Okwuokei , and Jarkko Turunen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2017

DOI: http://dx.doi.org/10.5089/9781484320686.001

ISBN: 9781484320686

Keywords: Dominica, Dominican Republic, Antigua and Barbuda, Asia and Pacific, Bahamas, The, Barbados, Small states, Grenada, Haiti, Western Hemisphere

Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been suc...

The Medium-Term Debt Management Strategy
			:  An Assessment of Recent Capacity Building

The Medium-Term Debt Management Strategy : An Assessment of Recent Capacity Building »

Volume/Issue: 2017/044

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 July 2017

DOI: http://dx.doi.org/10.5089/9781498346573.007

ISBN: 9781498346573

Keywords: Medium-term debt strategy, Debt management, Financial sector development, Debt sustainability, Low-income developing countries, technical assistance, IMF, DMS, assistance mission, medium-term

This report to the Boards of the International Monetary Fund (IMF) and the World Bank (WB) is the third in a series regarding the evolution of the Medium-Term Debt Management Strategy (MTDS) framework and the assoc...

Migration and Remittances in Latin America and the Caribbean
			: Engines of Growth and Macroeconomic Stabilizers?

Migration and Remittances in Latin America and the Caribbean : Engines of Growth and Macroeconomic Stabilizers? »

Volume/Issue: 2017/144

Series: IMF Working Papers

Author(s): Kimberly Beaton , Svetlana Cerovic , Misael Galdamez , Metodij Hadzi-Vaskov , Franz Loyola , Zsoka Koczan , Bogdan Lissovolik , Jan Martijn , Yulia Ustyugova , and Joyce Wong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 2017

DOI: http://dx.doi.org/10.5089/9781484303641.001

ISBN: 9781484303641

Keywords: Dominica, Dominican Republic, Caribbean, Costa Rica, Antigua and Barbuda, Asia and Pacific, Bahamas, The, Barbados, Belize, El Salvador

Outward migration has been an important phenomenon for countries in Latin American and the Caribbean (LAC), particularly those in Central America and the Caribbean. This paper examines recent trends in outward migr...

Public Investment Scaling-up and Debt Sustainability
			: The Case of Energy Sector Investments in the Caribbean

Public Investment Scaling-up and Debt Sustainability : The Case of Energy Sector Investments in the Caribbean »

Volume/Issue: 2017/138

Series: IMF Working Papers

Author(s): Ahmed El-Ashram

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2017

DOI: http://dx.doi.org/10.5089/9781484302453.001

ISBN: 9781484302453

Keywords: Grenada, Haiti, Dominica, Dominican Republic, Caribbean, Bahamas, The, Antigua and Barbuda, Asia and Pacific, Jamaica, Barbados

The question of how scaling up public investment could affect fiscal and debt sustainability is key for countries needing to fill infrastructure gaps and build resilience. This paper proposes a bottom-up approach t...

Tax Administration Reforms in the Caribbean
			: Challenges, Achievements, and Next Steps

Tax Administration Reforms in the Caribbean : Challenges, Achievements, and Next Steps »

Volume/Issue: 2017/88

Series: IMF Working Papers

Author(s): Stephane Schlotterbeck

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2017

DOI: http://dx.doi.org/10.5089/9781475592610.001

ISBN: 9781475592610

Keywords: Antigua and Barbuda, Asia and Pacific, Bahamas, The, Barbados, Dominica, Dominican Republic, Grenada, Haiti, Jamaica, Western Hemisphere

Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT perfor...

Financial Stability Reports in Latin America and the Caribbean

Financial Stability Reports in Latin America and the Caribbean »

Volume/Issue: 2017/73

Series: IMF Working Papers

Author(s): Cheng Lim , Alexander Klemm , Sumiko Ogawa , Marco Pani , and Claudio Visconti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2017

DOI: http://dx.doi.org/10.5089/9781475589597.001

ISBN: 9781475589597

Keywords: Bahamas, The, Barbados, Dominica, Dominican Republic, Antigua and Barbuda, Grenada, Haiti, Jamaica, Trinidad and Tobago, Western Hemisphere

Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some reports provide a str...

Cluster Report
			: Trade Integration in Latin America and the Caribbean

Cluster Report : Trade Integration in Latin America and the Caribbean »

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586015.002

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

¿En qué se diferencia la transmisión de la política monetaria en los países que dependen de las remesas?

¿En qué se diferencia la transmisión de la política monetaria en los países que dependen de las remesas? »

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: CEMLA/Centro de Estudios Monetarios Latinamericano

Publication Date: 02 February 2017

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781475574487.001

ISBN: 9781475574487

Keywords: Europe, Guinea, Asia and Pacific, Antigua and Barbuda, Bhutan, Bulgaria, Banking sector, Western Hemisphere, Balance sheets, Congo, Democratic Republic of the

Pese a que las remesas aportan ventajas en materia de bienestar y reducción de la pobreza para los hogares receptores, se ha observado que también traen consigo problemas macroeconómicos: producen efecto de tipo ma...

Non-Performing Loans in the ECCU
			: Determinants and Macroeconomic Impact

Non-Performing Loans in the ECCU : Determinants and Macroeconomic Impact »

Volume/Issue: 2016/229

Series: IMF Working Papers

Author(s): Kimberly Beaton , Alla Myrvoda , and Shernnel Thompson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2016

DOI: http://dx.doi.org/10.5089/9781475555714.001

ISBN: 9781475555714

Keywords: Non-performing loans, Western Hemisphere, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Asia and Pacific, Antigua and Barbuda, Dominica, Grenada, Macrofinancial linkages

This paper assesses the determinants of NPLs in the Eastern Caribbean Currency Union (ECCU) and whether a deterioration in asset quality may result in negative feedback effects from the banking system to economic a...

National Insurance Scheme Reforms in the Caribbean

National Insurance Scheme Reforms in the Caribbean »

Volume/Issue: 2016/206

Series: IMF Working Papers

Author(s): Koffie Ben Nassar , Joel Chiedu Okwuokei , Mike Li , Timothy Robinson , and Saji Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 October 2016

DOI: http://dx.doi.org/10.5089/9781475545432.001

ISBN: 9781475545432

Keywords: Jamaica, Insurance, Grenada, Haiti, Dominica, Dominican Republic, Barbados, Bahamas, The, Asia and Pacific, Aging

Weighed down by population aging, slow economic growth, and high unemployment, National Insurance Schemes in the Caribbean are projected to run substantial deficits and deplete their assets in the next decades, rai...

Gone with the Wind
			: Estimating Hurricane and Climate Change Costs in the Caribbean

Gone with the Wind : Estimating Hurricane and Climate Change Costs in the Caribbean »

Volume/Issue: 2016/199

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2016

DOI: http://dx.doi.org/10.5089/9781475544763.001

ISBN: 9781475544763

Keywords: Hurricane, tropical cyclone, climate change, climate impact, Caribbean.

This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones' characteristics with reported damages. I estimate the relat...

Post-program Monitoring - Proposed Decision on Countries

Post-program Monitoring - Proposed Decision on Countries »

Volume/Issue: 2016/056

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

DOI: http://dx.doi.org/10.5089/9781498345286.007

ISBN: 9781498345286

Keywords: Credit risk, Cyprus, Executive Board decisions, Ireland, Lapse of time approval, Members, Moldova, Portugal, Post-program monitoring, Credit

On July 1, 2016 the Executive Board adopted a decision to move to a more risk-based and focused framework for Post-Program Monitoring (PPM). The revised decision on PPM, which comes into effect on September 30, 201...

Highways to Heaven
			: Infrastructure Determinants and Trends in Latin America and the Caribbean

Highways to Heaven : Infrastructure Determinants and Trends in Latin America and the Caribbean »

Volume/Issue: 2016/185

Series: IMF Working Papers

Author(s): Valerie Cerra , Alfredo Cuevas , Carlos Góes , Izabela Karpowicz , Troy Matheson , Issouf Samaké , and Svetlana Vtyurina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 2016

DOI: http://dx.doi.org/10.5089/9781475536744.001

ISBN: 9781475536744

Keywords: Latin America and the Caribbean, infrastructure, public investment, investment efficiency, public-private partnerships.

Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and...

Structural Reform and Growth
			: What Really Matters? Evidence from the Caribbean

Structural Reform and Growth : What Really Matters? Evidence from the Caribbean »

Volume/Issue: 2016/82

Series: IMF Working Papers

Author(s): Kevin Greenidge , Meredith McIntyre , and Hanlei Yun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2016

DOI: http://dx.doi.org/10.5089/9781484321812.001

ISBN: 9781484321812

Keywords: Structural Reform, Institutional Quality, Small States

Since the 1980's with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade lib...

Caribbean Energy
			: Macro-Related Challenges

Caribbean Energy : Macro-Related Challenges »

Volume/Issue: 2016/53

Series: IMF Working Papers

Author(s): Arnold McIntyre , Ahmed El-Ashram , Marcio Ronci , Julien Reynaud , Natasha Che , Ke Wang , Sebastian Acevedo Mejia , and Mark Lutz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2016

DOI: http://dx.doi.org/10.5089/9781513560908.001

ISBN: 9781513560908

Keywords: Energy Reform, Oil Price Shocks, Renewable Energy, Energy Efficiency, PPP, energy, oil, electricity, investments, investment

High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It present...

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries?

What’s Different about Monetary Policy Transmission in Remittance-Dependent Countries? »

Volume/Issue: 2016/44

Series: IMF Working Papers

Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Anne Oeking

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2016

DOI: http://dx.doi.org/10.5089/9781513531236.001

ISBN: 9781513531236

Keywords: Worker’s Remittances, lending channel, banking sector, bank balance sheets, balance sheets, exchange, General, Fiscal and Monetary Policy in Development, All Countries, banking sector.,

Despite welfare and poverty-reducing benefits for recipient households, remittance inflows have been shown to entail macroeconomic challenges; producing Dutch Disease-type effects through their upward (appreciation...

Flying to Paradise

Flying to Paradise »

Volume/Issue: 2016/33

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia , Lu Han , Marie Kim , and Nicole Laframboise

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781498375108.001

ISBN: 9781498375108

Keywords: airlift supply factors, tourist, tourist arrivals, airlines, tourists, Time-Series Models, Models with Panel Data,, Aviation, Caribbean, United States

This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlin...

Flexible Fiscal Rules and Countercyclical Fiscal Policy

Flexible Fiscal Rules and Countercyclical Fiscal Policy »

Volume/Issue: 2016/8

Series: IMF Working Papers

Author(s): Martine Guerguil , Pierre Mandon , and Rene Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781513581460.001

ISBN: 9781513581460

Keywords: Fiscal Policy Rules, Flexibility, Investment-friendly Rules, Cyclically-adjusted Balance Rules, Propensity Scores-matching, fiscal policy, fiscal rules, public spending, fiscal rule, public investment

This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems. It...

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental
			: Ajustando bajo presión

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513540610.086

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

....

Safeguards Assessments - Review of Experience

Safeguards Assessments - Review of Experience »

Volume/Issue: 2015/055

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

DOI: http://dx.doi.org/10.5089/9781498344180.007

ISBN: 9781498344180

Keywords: Central bank legal structure, Central bank legislation, Central banks, Central bank autonomy, Central bank operations, external auditor, review period, central bank, panel 's recommendation, risk-based

This paper reviews experience with the safeguards assessment policy since the last review in 2010. The policy is subject to periodic reviews by the Executive Board. The policy's main objective is to mitigate risks...

Crisis Program Review

Crisis Program Review »

Volume/Issue: 2015/051

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2015

DOI: http://dx.doi.org/10.5089/9781498344036.007

ISBN: 9781498344036

Keywords: Debt restructuring, Exchange rate adjustments, Exchange rate policy, Fiscal consolidation, Fiscal policy, Fiscal reforms, Fund arrangements, Fund-supported adjustment programs, Global Financial Crisis 2008-2009, Monetary policy

This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009-12 that assessed program design and outcomes durin...

Antigua and Barbuda
			: Staff Report for the 2014 Article IV Consultation and Second Post-Program Monitoring

Antigua and Barbuda : Staff Report for the 2014 Article IV Consultation and Second Post-Program Monitoring »

Volume/Issue: 2015/189

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2015

DOI: http://dx.doi.org/10.5089/9781513591254.002

ISBN: 9781513591254

Keywords: debt, tax, arrears, monetary fund, banking system

KEY ISSUES Context. The new government that came to power in June 2014 inherited serious fiscal and external payments problems, including arrears to the Fund and other creditors, and unresolved banking sector probl...

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States »

Volume/Issue: 2015/124

Series: IMF Working Papers

Author(s): Ezequiel Cabezon , Patrizia Tumbarello , and Yiqun Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2015

DOI: http://dx.doi.org/10.5089/9781513529103.001

ISBN: 9781513529103

Keywords: revenue volatility, procyclical policies, quality of spending, revenue, debt, expenditure, public spending, General,

Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some small states, this limits the fiscal space available f...

Perspectivas económicas, abril de 2015: Las Américas,
			: El Norte se recupera, el Sur aún espera

Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484318768.086

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Perspectivas económicas: Las Américas, abril de 2015...

Energy Subsidies in Latin America and the Caribbean
			: Stocktaking and Policy Challenges

Energy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges »

Volume/Issue: 2015/30

Series: IMF Working Papers

Author(s): Gabriel Di Bella , Lawrence Norton , Joseph Ntamatungiro , Sumiko Ogawa , Issouf Samaké , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2015

DOI: http://dx.doi.org/10.5089/9781484365366.001

ISBN: 9781484365366

Keywords: Energy Subsidies, Latin America and the Caribbean, energy, electricity, prices, fuel, oil, General,

The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in...

Antigua and Barbuda
			: Public Expenditure and Financial Accountability (PEFA) Performance Assessment

Antigua and Barbuda : Public Expenditure and Financial Accountability (PEFA) Performance Assessment »

Volume/Issue: 2015/27

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 February 2015

DOI: http://dx.doi.org/10.5089/9781498356091.002

ISBN: 9781498356091

Keywords: budget, public expenditure, debt, expenditure, performance assessment

...

Revisiting Tourism Flows to the Caribbean
			: What is Driving Arrivals?

Revisiting Tourism Flows to the Caribbean : What is Driving Arrivals? »

Volume/Issue: 2014/229

Series: IMF Working Papers

Author(s): Nicole Laframboise , Nkunde Mwase , Joonkyu Park , and Yingke Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2014

DOI: http://dx.doi.org/10.5089/9781498351560.001

ISBN: 9781498351560

Keywords: income elasticity, Carribean, tourism arrivals, expenditure, tourist, destinations, hotels, hotel, Models with Panel Data, tourism arrivals and expenditure,

The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences,...

Does conditionality in IMF-supported programs promote revenue reform?

Does conditionality in IMF-supported programs promote revenue reform? »

Volume/Issue: 2014/206

Series: IMF Working Papers

Author(s): Ernesto Crivelli , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2014

DOI: http://dx.doi.org/10.5089/9781484380048.001

ISBN: 9781484380048

Keywords: structural conditionality, revenue, tax, taxes, revenues, goods, Models with Panel Data, International Monetary Arrangements and Institutions, General,

This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance of 126 low- and middle-income countries during 1993-2013. The results indicate that such condit...

The Impact of the Global Financial Crisis on Banking Globalization

The Impact of the Global Financial Crisis on Banking Globalization »

Volume/Issue: 2014/197

Series: IMF Working Papers

Author(s): Stijn Claessens , and Neeltje Horen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

DOI: http://dx.doi.org/10.5089/9781498301435.001

ISBN: 9781498301435

Keywords: financial globalization, global financial crisis, financial fragmentation, host country, banking, foreign bank, host countries,

Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OEC...

Debt, Growth and Natural Disasters A Caribbean Trilogy

Debt, Growth and Natural Disasters A Caribbean Trilogy »

Volume/Issue: 2014/125

Series: IMF Working Papers

Author(s): Sebastian Acevedo Mejia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2014

DOI: http://dx.doi.org/10.5089/9781498337601.001

ISBN: 9781498337601

Keywords: Panel VAR with exogenous variables, natural disasters, growth, disasters, disaster, storms, Time-Series Models, Macroeconomic Analyses of Economic Development, General, Caribbean.,

This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied -storms and floods- given their prev...

Safeguards Assessments - 2014 Update

Safeguards Assessments - 2014 Update »

Volume/Issue: 2014/026

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2014

DOI: http://dx.doi.org/10.5089/9781498342780.007

ISBN: 9781498342780

Keywords: Central banks, Corporate governance, Financial year, Risk management, Safeguards assessments policy, Central bank governance, Central bank autonomy, Central banking, Financial management information systems, safeguard

The safeguards policy aims to mitigate the potential risks of misuse of resources, including Fund resources, and misreporting of program monetary data. The policy, introduced in 2000, is an integral part of the Fun...

Caribbean Renewal
			: Tackling Fiscal and Debt Challenges

Caribbean Renewal : Tackling Fiscal and Debt Challenges »

Series: Books

Author(s): Charles Amo Yartey , and Therese Turner-Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2014

DOI: http://dx.doi.org/10.5089/9781484369142.071

ISBN: 9781484369142

Keywords: public debt, debt reduction, fiscal consolidation, debt restructuring, fiscal policy

Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolid...

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean »

Volume/Issue: 2014/67

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

DOI: http://dx.doi.org/10.5089/9781484359679.001

ISBN: 9781484359679

Keywords: Demand Shocks Asymmetric Effects Contractionary and Inflationary Biases, aggregate demand, price inflation, real output, money supply, Asymmetric Effects, Contractionary and Inflationary Biases., Demand Shocks, General,

The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, th...

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484346129.086

ISBN: 9781484346129

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas...

Exchange Rate Flexibility and Credit during Capital Inflow Reversals
			: Purgatory…not Paradise

Exchange Rate Flexibility and Credit during Capital Inflow Reversals : Purgatory…not Paradise »

Volume/Issue: 2014/61

Series: IMF Working Papers

Author(s): Nicolas Magud , and Esteban Vesperoni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2014

DOI: http://dx.doi.org/10.5089/9781475543735.001

ISBN: 9781475543735

Keywords: reversals, macro-prudential, exchange rate, exchange rate regimes, exchange rate flexibility, flexible exchange rate, exchange rate regime, Open Economy Macroeconomics,

We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associ...

Capital Flows are Fickle
			: Anytime, Anywhere

Capital Flows are Fickle : Anytime, Anywhere »

Volume/Issue: 2013/183

Series: IMF Working Papers

Author(s): John Bluedorn , Rupa Duttagupta , Jaime Guajardo , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 August 2013

DOI: http://dx.doi.org/10.5089/9781484389041.001

ISBN: 9781484389041

Keywords: international capital flows, volatility, persistence, comovement, global factors, net capital flows, capital inflows, private capital flows,

Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nea...

Safeguards Assessments - 2013 Update

Safeguards Assessments - 2013 Update »

Volume/Issue: 2013/062

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2013

DOI: http://dx.doi.org/10.5089/9781498341226.007

ISBN: 9781498341226

Keywords: Central banks, Financial year, Governance, Risk management, Safeguards assessments policy, Central bank governance, Central bank autonomy, Central banking, Central bank role, central bank

The safeguards policy, introduced in 2000, is designed to reduce the risks of misuse of Fund resources and misreporting of program monetary data to the Fund. It supports the Fund's approach to prudent lending and c...

Perspectivas económicas, mayo de 2013
			: Las Américas: Tiempo de reforzar las defensas macroeconómicas

Perspectivas económicas, mayo de 2013 : Las Américas: Tiempo de reforzar las defensas macroeconómicas »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484391754.086

ISBN: 9781484391754

Keywords: tfp, current account, external shocks, commodity prices, public debt, IMF, simple average, foreign asset, GDP growth

A pesar de algunos riesgos mundiales, seguramente las condiciones externas seguirán siendo propicias para América Latina. Dado que se espera que en las economías avanzadas se mantenga una política monetaria laxa du...

Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents

Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents »

Volume/Issue: 2013/042

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 May 2013

DOI: http://dx.doi.org/10.5089/9781498341837.007

ISBN: 9781498341837

Keywords: Fund policies, Publications, Transparency, Heavily indebted poor countries, External sector, Financial regulation and supervision, Poverty reduction strategy, Financial crises, staff report, article IV consultation

A stronger presumption of publication for all program-related documents could further increase publication rates, while defining prompt publication should help reduce publication lags. Streamlining external communi...

Definitions of Government in IMF-Supported Programs

Definitions of Government in IMF-Supported Programs »

Volume: 13

Series: Technical Notes and Manuals

Author(s): Claudia Dziobek , Alberto Jimenez de Lucio , and James Chan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

DOI: http://dx.doi.org/10.5089/9781484313206.005

ISBN: 9781484313206

Keywords: Government finance statistics, Statistical definition of government, Government Finance Statistics Manual 2001 (GFSM 2001), System of National Accounts 2008 (2008 SNA), government, public sector, transparency, local governments, policies, General

This note addresses the following main issues: Statistical definitions of government (Government Finance Statistics Manual 2001) Institutional structure of government and public sector What is a precise defin...

The Eastern Caribbean Economic and Currency Union
			: Macroeconomics and Financial Systems

The Eastern Caribbean Economic and Currency Union : Macroeconomics and Financial Systems »

Series: Books

Author(s): Alfred Schipke , Aliona Cebotari , and Nita Thacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2013

DOI: http://dx.doi.org/10.5089/9781616352653.071

ISBN: 9781616352653

Keywords: debt restructuring, banking, central bank, eastern caribbean central bank, public debt

The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is...

Excerpt
			: The Eastern Caribbean Economic and Currency Union

Excerpt : The Eastern Caribbean Economic and Currency Union »

Series: Miscellaneous Publication (Other)

Author(s): Alfred Schipke , Aliona Cebotari , and Nita Thacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2013

DOI: http://dx.doi.org/10.5089/MFSEEAEX.073

ISBN: MFSEEAEX

Keywords: Real sector, Financial regulation and supervision, Economic integration, Financial crises, Economic cooperation, debt restructuring, banking, central bank, eastern caribbean central bank, public debt

This is an excerpt of The Eastern Caribbean Economic and Currency Union. It includes the table of contents, foreword, preface, and chapter 1....

Antigua and Barbuda
			: Staff Report for the 2012 Article IV Consultation, Seventh Review under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of Performance Criterion and Request for Waiver of Applicability

Antigua and Barbuda : Staff Report for the 2012 Article IV Consultation, Seventh Review under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of Performance Criterion and Request for Waiver of Applicability »

Volume/Issue: 2013/76

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2013

DOI: http://dx.doi.org/10.5089/9781484351284.002

ISBN: 9781484351284

Keywords: debt, external debt, payments, interest, restructuring

This article is a report of the IMF Executive Board's program for Antigua and Barbuda. The Stand-By Arrangement program was developed as a response to the looming fiscal crisis, which resulted in large fiscal defic...

Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa
			: What Room for Policy?

Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa : What Room for Policy? »

Volume/Issue: 2013/51

Series: IMF Working Papers

Author(s): Francois Boutin-Dufresne , Santiago Peña , Oral Williams , and Tomasz A. Zawisza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2013

DOI: http://dx.doi.org/10.5089/9781557753304.001

ISBN: 9781557753304

Keywords: Financial intermediation efficiency, net interest margins, economies of scale, institutions., banking, net interest margin, financial intermediation, financial system, Government Policy and Regulation, Financial Markets and the Macroeconomy

This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a hig...

Caribbean Small States - Challenges of High Debt and Low Growth

Caribbean Small States - Challenges of High Debt and Low Growth »

Volume/Issue: 2013/011

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2013

DOI: http://dx.doi.org/10.5089/9781498342261.007

ISBN: 9781498342261

Keywords: Caribbean, Cross country analysis, Debt restructuring, Economic growth, Economic indicators, Export competitiveness, Fiscal policy, Public debt, Relationships with Fund, Small states

This paper presents background on Caribbean small states as context for the main paper, 'Macroeconomic Issues in Small States and Implications for Fund Engagement.' It draws on recent analytical work presented at a...

Anti-Money Laundering and Combating the Financing of Terrorism - Inclusion in Surveillance and Financial Stability Assessments - Guidance Note

Anti-Money Laundering and Combating the Financing of Terrorism - Inclusion in Surveillance and Financial Stability Assessments - Guidance Note »

Volume/Issue: 2012/104

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2012

DOI: http://dx.doi.org/10.5089/9781498339544.007

ISBN: 9781498339544

Keywords: Anti-money laundering, Article IV consultations, Balance of payments, Combating the financing of terrorism, Financial system stability assessment, International monetary system, Money laundering, Surveillance, Real sector, Financial crises

This note provides guidance on the inclusion of AML/CFT issues in surveillance and financial stability assessments (FSAs). Specifically, it provides a framework for the treatment of cases where money laundering or...

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean »

Volume/Issue: 2012/276

Series: IMF Working Papers

Author(s): Charles Amo Yartey , Machiko Narita , Garth Peron Nicholls , and Joel Chiedu Okwuokei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 November 2012

DOI: http://dx.doi.org/10.5089/9781557754967.001

ISBN: 9781557754967

Keywords: public debt, fiscal consolidation efforts, fiscal performance, fiscal adjustment, Forecasts of Budgets, Deficits, and Debt,

This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important po...

Fiscal Rules at a Glance
			: Country Details from a New Dataset

Fiscal Rules at a Glance : Country Details from a New Dataset »

Volume/Issue: 2012/273

Series: IMF Working Papers

Author(s): Nina Budina , Tidiane Kinda , Andrea Schaechter , and Anke Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2012

DOI: http://dx.doi.org/10.5089/9781616359102.001

ISBN: 9781616359102

Keywords: fiscal governance, rules, legislation, federal budget, legal obligation, regulation, Structure and Scope of Government, Deficit,

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper 'Fiscal Rules in R...

Caribbean Growth in an International Perspective
			: The Role of Tourism and Size

Caribbean Growth in an International Perspective : The Role of Tourism and Size »

Volume/Issue: 2012/235

Series: IMF Working Papers

Author(s): Nita Thacker , Sebastian Acevedo Mejia , and Roberto Perrelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2012

DOI: http://dx.doi.org/10.5089/9781475510898.001

ISBN: 9781475510898

Keywords: size, growth, tfp, growth accounting, gdp growth, Models with Panel Data, General,

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper ana...

Eastern Caribbean Currency Union
			: Selected Issues

Eastern Caribbean Currency Union : Selected Issues »

Volume/Issue: 2012/130

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2012

DOI: http://dx.doi.org/10.5089/9781475504101.002

ISBN: 9781475504101

Keywords: credit unions, commercial banks, capital adequacy, banking system, regulatory framework

The Eastern Caribbean Currency Union (ECCU) has made significant progress in improving the quality and quantity of the macroeconomic statistics it produces and disseminates to the public. The Selected Issues Paper...

Threshold Effects of Sovereign Debt
			: Evidence From the Caribbean

Threshold Effects of Sovereign Debt : Evidence From the Caribbean »

Volume/Issue: 2012/157

Series: IMF Working Papers

Author(s): Lisa Drakes , Chrystol Thomas , Roland Craigwell , and Kevin Greenidge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504507.001

ISBN: 9781475504507

Keywords: Debt Threshold, Panel Data, Threshold Regressions, external debt, real gdp

This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 pe...

Commodity Price Shocks and Fiscal Outcomes

Commodity Price Shocks and Fiscal Outcomes »

Volume/Issue: 2012/112

Series: IMF Working Papers

Author(s): Issouf Samaké , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503333.001

ISBN: 9781475503333

Keywords: Commodity Booms, export prices, commodity export, commodity exporters, exporters, import prices, Macroeconomic Aspects of International Trade and Finance: General,

The experience of developing countries over 1990-2010 indicates that commodity prices have a significant impact on fiscal outcomes. Both revenue and expenditure rise in response to commodity (import or export) pric...

Fiscal Policy and the Current Account
			: Are Microstates Different?

Fiscal Policy and the Current Account : Are Microstates Different? »

Volume/Issue: 2012/51

Series: IMF Working Papers

Author(s): Yehenew Endegnanew , Therese Turner-Jones , and Charles Amo Yartey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2012

DOI: http://dx.doi.org/10.5089/9781463937126.001

ISBN: 9781463937126

Keywords: Microstates, current account balance, current accounts, current account adjustments, current account deficits, Fiscal Policies and Behavior of Economic Agents: General, Fiscal and Monetary Policy in Development,

This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs pa...

Foreign Banks
			: Trends, Impact and Financial Stability

Foreign Banks : Trends, Impact and Financial Stability »

Volume/Issue: 2012/10

Series: IMF Working Papers

Author(s): Neeltje Horen , and Stijn Claessens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463931155.001

ISBN: 9781463931155

Keywords: bilateral investment, financial globalization, foreign bank, domestic banks, foreign ownership, host countries,

This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with man...

The Eastern Caribbean Currency Union
			: Would a Fiscal Insurance Mechanism Mitigate National Income Shocks?

The Eastern Caribbean Currency Union : Would a Fiscal Insurance Mechanism Mitigate National Income Shocks? »

Volume/Issue: 2012/17

Series: IMF Working Papers

Author(s): Paul Cashin , and Antonio Lemus

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463931223.001

ISBN: 9781463931223

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...

Perspectivas económicas, octubre 2011: Las Américas
			: Vientos cambiantes, nuevos desafíos de política

Perspectivas económicas, octubre 2011: Las Américas : Vientos cambiantes, nuevos desafíos de política »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 November 2011

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781616351311.086

ISBN: 9781616351311

A pesar del reciente deterioro del entorno económico mundial, las proyecciones para la región indican tan solo un debilitamiento moderado de las perspectivas. En la edición de octubre de 2011 de Perspectivas económ...

Public Debt Targeting An Application to the Caribbean

Public Debt Targeting An Application to the Caribbean »

Volume/Issue: 2011/203

Series: IMF Working Papers

Author(s): Alejandro Guerson , and Giovanni Melina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781463902148.001

ISBN: 9781463902148

Keywords: Procyclical spending, public debt sustainability, public debt, primary expenditure, debt accumulation, debt sustainability, International Lending and Debt Problems, International Finance Forecasting and Simulation, National Budget, Deficit

This paper proposes a fiscal policy framework we call Public Debt Targeting. The framework seeks to smooth primary spending over the business cycle while remaining consistent with public debt sustainability. Under...

Classifications of Countries Basedon their Level of Development
			: How it is Done and How it Could Be Done

Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done »

Volume/Issue: 2011/31

Series: IMF Working Papers

Author(s): Lynge Nielsen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455216789.001

ISBN: 9781455216789

Keywords: Country classification systems, taxonomy, taxonomies, per capita income, balance of payments, exporting countries, Economic Development: General,

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper a...

Eastern Caribbean Currency Union
			: 2010 Discussion on Common Policies of Members Countries-Staff Report; Informational Annex, and the Public Information Notice on the Executive Board Discussion

Eastern Caribbean Currency Union : 2010 Discussion on Common Policies of Members Countries-Staff Report; Informational Annex, and the Public Information Notice on the Executive Board Discussion »

Volume/Issue: 2011/30

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2011

DOI: http://dx.doi.org/10.5089/9781455213900.002

ISBN: 9781455213900

Keywords: debt, public sector, interest, deficit

Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and eco...

Eastern Caribbean Currency Union
			: Selected Issues

Eastern Caribbean Currency Union : Selected Issues »

Volume/Issue: 2011/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2011

DOI: http://dx.doi.org/10.5089/9781455213894.002

ISBN: 9781455213894

Keywords: debt, tfp, capital stock, growth rate, growth performance

The objective of this paper is to analyze the growth performance of the ECCU countries since independence and the policy challenges they face to ensure sustained growth in the period ahead. Although tourism special...

Balance of Payments Statistics Yearbook, 2010

Balance of Payments Statistics Yearbook, 2010 »

Series: Balance of Payments Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 November 2010

DOI: http://dx.doi.org/10.5089/9781616350024.044

ISBN: 9781616350024

Keywords: liabilities, debt, payments, portfolio investment, loans, direct investment, financial derivatives, bonds, debt securities, equity securities

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

International Financial Statistics, October 2010

International Financial Statistics, October 2010 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2010

DOI: http://dx.doi.org/10.5089/9781455210510.041

ISBN: 9781455210510

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, equity securities, portfolio investment, payments, interest

The IMF's principal statistical publication, International Financial Statistics (IFS) Online, is the standard source of international statistics on all aspects of international and domestic finance. For most countr...

Antigua and Barbuda
			: 2010 Article IV Consultation and Request for Stand-By Arrangement:  Staff Report; Supplements; Public Information Notice; Press Release; and ED's Statement.

Antigua and Barbuda : 2010 Article IV Consultation and Request for Stand-By Arrangement: Staff Report; Supplements; Public Information Notice; Press Release; and ED's Statement. »

Volume/Issue: 2010/279

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 September 2010

DOI: http://dx.doi.org/10.5089/9781455207763.002

ISBN: 9781455207763

Keywords: debt, interest, public sector, public debt, financial sector

The global slowdown has severely affected Antigua and Barbuda's economy through its impact on tourist arrivals, FDI inflows and remittances, and fiscal revenue. The recession and associated fiscal crisis coincides...

International Financial Statistics, August 2010

International Financial Statistics, August 2010 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2010

DOI: http://dx.doi.org/10.5089/9781455210503.041

ISBN: 9781455210503

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, deposit money, deposit money banks

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

International Financial Statistics Yearbook, 2010

International Financial Statistics Yearbook, 2010 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2010

DOI: http://dx.doi.org/10.5089/9781616350017.041

ISBN: 9781616350017

Keywords: claims, liabilities, loans, financial derivatives, interest, debt, central bank, debt securities, portfolio investment, equity securities

The International Financial Statistics Yearbook, usually published in September, contains available annual data covering 12 years for countries appearing in the monthly issues of IFS. The IFS service is the standar...

A Method for Calculating Export Supply and Import Demand Elasticities

A Method for Calculating Export Supply and Import Demand Elasticities »

Volume/Issue: 2010/180

Series: IMF Working Papers

Author(s): Stephen Tokarick

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455202140.001

ISBN: 9781455202140

Keywords: import, export, elasticities, export supply, import demand, export volume, imported inputs, export demand, Neoclassical Models of Trade,

Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper re...

International Financial Statistics, July 2010

International Financial Statistics, July 2010 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455213917.041

ISBN: 9781455213917

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, payments, interest

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

Perspectivas económicas, mayo de 2010
			: Las Américas: Aprovechando el viento a favor

Perspectivas económicas, mayo de 2010 : Las Américas: Aprovechando el viento a favor »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2010

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781589069664.086

ISBN: 9781589069664

La recuperación mundial está en marcha, pero avanza a ritmos diferentes, con algunos mercados emergentes creciendo rápidamente y un crecimiento más lento en las economías avanzadas. El entorno macroeconómico actual...

International Financial Statistics, March 2010

International Financial Statistics, March 2010 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2010

DOI: http://dx.doi.org/10.5089/9781451963748.041

ISBN: 9781451963748

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, payments, interest

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

Cross-Border Investment in Small International Financial Centers

Cross-Border Investment in Small International Financial Centers »

Volume/Issue: 2010/38

Series: IMF Working Papers

Author(s): Philip Lane , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

DOI: http://dx.doi.org/10.5089/9781451962833.001

ISBN: 9781451962833

Keywords: financial centers, international financial, international balance sheet, fdi, international financial centers, direct investment,

This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimates of the foreign asset and liability positions for a n...

Balance of Payments Statistics Yearbook, 2009

Balance of Payments Statistics Yearbook, 2009 »

Series: Balance of Payments Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2009

DOI: http://dx.doi.org/10.5089/9781589068728.044

ISBN: 9781589068728

Keywords: liabilities, debt, portfolio investment, loans, financial derivatives, equity securities, money market, money market instruments, debt securities, bonds

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

International Financial Statistics Yearbook, 2009

International Financial Statistics Yearbook, 2009 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 August 2009

DOI: http://dx.doi.org/10.5089/9781589067394.041

ISBN: 9781589067394

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, equity securities, portfolio investment, payments, interest

The International Financial Statistics Yearbook, usually published in September, contains available annual data covering 12 years for countries appearing in the monthly issues of IFS. The IFS service is the standar...

Empirical Evidenceon the Effects of Tax Incentives

Empirical Evidenceon the Effects of Tax Incentives »

Volume/Issue: 2009/136

Series: IMF Working Papers

Author(s): Alexander Klemm , and Stefan Parys

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451872835.001

ISBN: 9781451872835

Keywords: fdi, investment allowances, direct investment

This paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a n...

Fiscal Cycles in the Caribbean

Fiscal Cycles in the Caribbean »

Volume/Issue: 2009/158

Series: IMF Working Papers

Author(s): Juliana Araujo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873054.001

ISBN: 9781451873054

Keywords: Procyclicality, fiscal accounts, natural disasters, expenditure, government expenditure, fiscal balance, tax revenues, Open Economy Macroeconomics,

The sharp increase in debt in the Caribbean since the mid-1990s has focused attention on the conduct of fiscal policy in the region. This paper aims to diagnose how fiscal policy has behaved during this period by l...

Macroeconomic Fluctuations in the Caribbean
			: The Role of Climatic and External Shocks

Macroeconomic Fluctuations in the Caribbean : The Role of Climatic and External Shocks »

Volume/Issue: 2009/159

Series: IMF Working Papers

Author(s): Sebastian Sosa , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873061.001

ISBN: 9781451873061

Keywords: Business cycle, VAR, block exogeneity, Eastern Caribbean, gdp growth, real gdp, Multiple or Simultaneous Equation Models: Time-Series Models, Open Economy Macroeconomics,

This paper develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. It finds that external shocks play a key role, ex...

International Financial Statistics, July 2009

International Financial Statistics, July 2009 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451934250.041

ISBN: 9781451934250

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, interest, payments

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

Eastern Caribbean Currency Union
			: 2009 Discussion on Common Policies of Members Countries:  Staff Report; and Public Information Notice on the Executive Board Discussion

Eastern Caribbean Currency Union : 2009 Discussion on Common Policies of Members Countries: Staff Report; and Public Information Notice on the Executive Board Discussion »

Volume/Issue: 2009/175

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 June 2009

DOI: http://dx.doi.org/10.5089/9781451811735.002

ISBN: 9781451811735

Keywords: debt, interest, public debt, public sector, interest rate

The Eastern Caribbean Currency Union (ECCU) countries financial system has increasingly come under stress particularly through weakly supervised nonbank and offshore financial sectors with knock-on effects to domes...

Eastern Caribbean Currency Union
			: Selected Issues

Eastern Caribbean Currency Union : Selected Issues »

Volume/Issue: 2009/176

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 June 2009

DOI: http://dx.doi.org/10.5089/9781451811742.002

ISBN: 9781451811742

Keywords: debt, exchange rate, international monetary fund, macroeconomic stability

The Eastern Caribbean Currency Union (ECCU) countries' economies are heavily dependent on the United States for foreign direct investment, mainly in the tourism sector. The Selected Issues paper discusses economic...

International Financial Statistics, May 2009

International Financial Statistics, May 2009 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2009

DOI: http://dx.doi.org/10.5089/9781451934137.041

ISBN: 9781451934137

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, interest, payments

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union

Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union »

Volume/Issue: 2009/78

Series: IMF Working Papers

Author(s): Emilio Pineda , Paul Cashin , and Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451872255.001

ISBN: 9781451872255

Keywords: Equilibrium real exchange rate, tourism exports, panel estimation, ECCU, exchange rate, real exchange rate, current account, current account balance,

This paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exch...

ECCU Business Cycles
			: Impact of the U.S.

ECCU Business Cycles : Impact of the U.S. »

Volume/Issue: 2009/71

Series: IMF Working Papers

Author(s): Yan Sun , and Wendell Samuel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451872187.001

ISBN: 9781451872187

Keywords: linkages, common, cointegration, equation, correlation, statistic,

With a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the imp...

Optimal Reserves in the Eastern Caribbean Currency Union

Optimal Reserves in the Eastern Caribbean Currency Union »

Volume/Issue: 2009/77

Series: IMF Working Papers

Author(s): Wendell Samuel , Emilio Pineda , and Mario Dehesa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451872248.001

ISBN: 9781451872248

Keywords: Optimal Reserves, ECCU, Reserve Adequacy, banking, current account, central bank, external debt,

Recent turbulence in global and Caribbean regional financial markets underscore the importance of reassessing the adequacy of international reserves held by the Eastern Caribbean Central Bank (ECCB). Using the Jean...

Ponzi Schemes in the Caribbean

Ponzi Schemes in the Caribbean »

Volume/Issue: 2009/95

Series: IMF Working Papers

Author(s): Ana Carvajal , Hunter Monroe , Catherine Pattillo , and Brian Wynter

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451872422.001

ISBN: 9781451872422

Keywords: Pyramid schemes, Ponzi schemes, investors, court, courts, regulatory framework, supreme court,

In several Caribbean states, unregulated investment schemes grew quickly in recent years by claiming unusually high monthly returns and through a system of referrals by existing members. These are features shared w...

International Financial Statistics, April, 2009

International Financial Statistics, April, 2009 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2009

DOI: http://dx.doi.org/10.5089/9781451934069.041

ISBN: 9781451934069

Keywords: claims, liabilities, financial derivatives, loans, debt, debt securities, portfolio investment, equity securities, interest, payments

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

Can the Eastern Caribbean Currency Union Afford to Grow Old?

Can the Eastern Caribbean Currency Union Afford to Grow Old? »

Volume/Issue: 2009/38

Series: IMF Working Papers

Author(s): Hunter Monroe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871869.001

ISBN: 9781451871869

Keywords: Pension systems, pension, pension fund, pension scheme, pension schemes, pension funds,

The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and...

Universal Health Care 101
			: Lessons for the Eastern Caribbean and Beyond

Universal Health Care 101 : Lessons for the Eastern Caribbean and Beyond »

Volume/Issue: 2009/61

Series: IMF Working Papers

Author(s): Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451872088.001

ISBN: 9781451872088

Keywords: Health economics, government expenditure, health spending, health insurance, health system, health financing,

Despite the increasing interest in universal health care, little is known about the optimal way to finance, design, and implement it. This paper attempts to fill this gap by providing some general policy recommenda...

Balance of Payments Statistics Yearbook, 2008

Balance of Payments Statistics Yearbook, 2008 »

Series: Balance of Payments Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2008

DOI: http://dx.doi.org/10.5089/9781589067530.044

ISBN: 9781589067530

Keywords: Balance of payments statistics, Balance of Payments Statistics Publication, liabilities, debt, payments, portfolio investment, loans, financial derivatives, direct investment, bonds

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

What Attracts Tourists to Paradise?

What Attracts Tourists to Paradise? »

Volume/Issue: 2008/277

Series: IMF Working Papers

Author(s): Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

DOI: http://dx.doi.org/10.5089/9781451871357.001

ISBN: 9781451871357

Keywords: Tourism demand, ECCU, Dynamic least squares, tourism, tourism sector, tourist, tourists,

This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism...

International Financial Statistics, November 2008

International Financial Statistics, November 2008 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2008

DOI: http://dx.doi.org/10.5089/9781451964363.041

ISBN: 9781451964363

Keywords: claims, liabilities, financial derivatives, debt, loans, portfolio investment, debt securities, equity securities, payments, interest

International Financial Statistics provides a complete library of continuously updated international statistics on all aspects of international and domestic finance. The monthly print edition contains over 1,000 pa...

International Financial Statistics Yearbook, 2008

International Financial Statistics Yearbook, 2008 »

Series: International Financial Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2008

DOI: http://dx.doi.org/10.5089/9781589067523.041

ISBN: 9781589067523

Keywords: claims, liabilities, loans, banking, interest, debt, financial derivatives, money market, debt securities, portfolio investment

The International Financial Statistics Yearbook, usually published in September, contains available annual data covering 12 years for countries appearing in the monthly issues of IFS. The IFS service is the standar...

Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union

Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union »

Volume/Issue: 2008/257

Series: IMF Working Papers

Author(s): Jingqing Chai , and Rishi Goyal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2008

DOI: http://dx.doi.org/10.5089/9781451871159.001

ISBN: 9781451871159

Keywords: Concessions, Incentives, ECCU, fdi, tax incentives, direct investment,

Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in term...

Rapid Current Account Adjustments
			: Are Microstates Different?

Rapid Current Account Adjustments : Are Microstates Different? »

Volume/Issue: 2008/233

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

DOI: http://dx.doi.org/10.5089/9781451870916.001

ISBN: 9781451870916

Keywords: Terms of trade shocks, microstates, terms of trade, trade shocks, terms of trade shock, trade shock,

We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital mar...

Antigua and Barbuda
			: 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Antigua and Barbuda

Antigua and Barbuda : 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Antigua and Barbuda »

Volume/Issue: 2008/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2008

DOI: http://dx.doi.org/10.5089/9781451801903.002

ISBN: 9781451801903

Keywords: debt, interest, public sector, interest rate, budget

This 2007 Article IV Consultation highlights that macroeconomic outcomes for Antigua and Barbuda have strengthened significantly in recent years. Real GDP growth averaged 5 percent during 2003-05, and is estimated...