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Eastern Caribbean Currency Union: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 335
Language:
English
Publication Date:
27 Oct 2004
DOI:
https://doi.org/10.5089/9781451811667.002
ISBN:
9781451811667
ISSN:
1934-7685
Pages:
160
Keywords:
ISCR; CR; ECCU country; bank; insurance market; growth cycle; public debt to GDP ratio; ECCU bank; Natural disasters; Real exchange rates; Business cycles; Tourism; Caribbean; Global
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This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic’s peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund