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Eastern Caribbean Currency Union »
Source: 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
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...

Chapter 18: Impediments to Developing the Private Sector »
Source: 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
ISBN: 9781616352653
Keywords: debt restructuring, banking, central bank, eastern caribbean central bank, public debt
Chapter 5 on Public Debt). The region’s growth model will increasingly have to shift either to the private sector or to public-private partnerships. Enabling the private sector to flourish requi...

Chapter 4: Economic Growth »
Source: 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
ISBN: 9781616352653
Keywords: debt restructuring, banking, central bank, eastern caribbean central bank, public debt
1 terms of trade shocks, decline in official foreign assistance, recessions in the developed countries—the main source of tourism and foreign direct investment (FDI...

Exchange Rate Flexibility and Credit during Capital Inflow Reversals »
Source: 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
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...

Eleventh Review of Quotas: IMF Financial Resources to Rise to $297 Billion As Members Consent to Quota Increase IMF Quota Increase »
Source: IMF Survey : Volume 28, Issue 03
Volume/Issue: 28/3
Series: IMF Survey
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1999
ISBN: 9781451936155
Keywords: international monetary fund, IMF Quota Increase,
On January 22, the IMF announced that more than 85 percent of its members had consented to an increase in the IMF’s quotas. The text of Press Release No. 99/4, issued on January 22, follows....

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone »
Source: Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone : A Comparative Analysis
Volume/Issue: 2001/104
Series: IMF Working Papers
Author(s): Hazel Selvon , Tracy Polius , and Oral Williams
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
ISBN: 9781451852769
Keywords: ECCU, CFA franc zone, reserve pooling, monetary authority, terms of trade, monetary union, monetary unions, central bank, Econometric and Statistical Methods: General, Financial Aspects of Economic Integration,
The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries w...

Remoteness and Real Exchange Rate Volatility »
Source: Remoteness and Real Exchange Rate Volatility
Volume/Issue: 2005/1
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2005
ISBN: 9781451860207
Keywords: Real exchange rate volatility, trade costs, exchange rate, real exchange rate, exchange rate volatility, International Finance: General, Macroeconomic Aspects of International Trade and Finance: General,
This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson...

Eastern Caribbean Currency Union: Selected Issues »
Source: Eastern Caribbean Currency Union : Selected Issues
Volume/Issue: 2003/88
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 March 2003
ISBN: 9781451811643
Keywords: tourist, tourism organization, cruise passenger, tourist arrivals, tourism receipts
This Selected Issues paper analyzes the competitive threats to the tourism sector in the Eastern Caribbean Currency Union (ECCU). The paper concludes that the ECCU countries have lost competitiveness globally and v...

Empirical Evidenceon the Effects of Tax Incentives »
Source: 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
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...

Optimal Reserves in the Eastern Caribbean Currency Union1 »
Source: 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
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...