Cover Image
Read Now

Eastern Caribbean Currency Union Selected Issues

This paper assesses the evolution of Eastern Caribbean Currency Union (ECCU) real exchange rates over time, and examines whether the region has lost competitiveness. The main finding is that there is little evidence of overvaluation of the Eastern Caribbean (EC) dollar. The relationship summarized a...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Banks
Financial Crises
Public Finance & Taxation
Banks And Banking
Currency; Foreign Exchange
Taxes
Exports And Imports
Mortgages
Liquidity; Economics
Foreign Exchange
Business Taxes And Subsidies
Banking
Investment Decisions
Tourism
Depository Institutions
Economic & Financial Crises & Disasters
Short-term Capital Movements
Current Account Adjustment
Micro Finance Institutions
Balance Of Payments
Corporations; Taxation
Asset And Liability Management
International Economics
Economic Sectors
Liquidity
Corporate Income Tax
Corporate Taxation
Corporate & Business Tax
Banking Crises
Real Exchange Rates
Public Finance
Finance: General
Portfolio Choice
Bahamas, The
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper assesses the evolution of Eastern Caribbean Currency Union (ECCU) real exchange rates over time, and examines whether the region has lost competitiveness. The main finding is that there is little evidence of overvaluation of the Eastern Caribbean (EC) dollar. The relationship summarized above permits the calculation of equilibrium current account balances or norms. The financing of ECCU current account imbalances appears stable. This paper also provides evidence on the distinctive impact that tourism plays in the determination of the real exchange rate in tourism-driven economies
Physical Description:102 pages
ISBN:9781451811728

Similar Items