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150128 ||| eng |
020 |
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|a 9781451811728
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245 |
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0 |
|a Eastern Caribbean Currency Union
|b Selected Issues
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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300 |
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|a 102 pages
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651 |
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4 |
|a Bahamas, The
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653 |
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|a Economics
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653 |
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|a Banks
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653 |
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|a Public finance & taxation
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653 |
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|a Financial crises
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653 |
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|a Banks and banking
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653 |
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|a Taxes
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653 |
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|a Corporations
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653 |
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|a Exports and Imports
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653 |
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|a Mortgages
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653 |
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|a Foreign Exchange
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653 |
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|a Business Taxes and Subsidies
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653 |
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|a Banking
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653 |
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|a Taxation
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653 |
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|a Investment Decisions
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653 |
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|a Foreign exchange
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653 |
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|a Tourism
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653 |
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|a Depository Institutions
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Short-term Capital Movements
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653 |
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|a Current Account Adjustment
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653 |
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|a Micro Finance Institutions
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653 |
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|a Balance of payments
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653 |
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|a Currency
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653 |
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|a Asset and liability management
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653 |
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|a Economic sectors
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653 |
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|a International economics
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653 |
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|a Liquidity
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653 |
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|a Corporate income tax
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653 |
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|a Banks and Banking
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653 |
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|a Corporate & business tax
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653 |
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|a Corporate Taxation
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653 |
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|a Banking crises
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653 |
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|a Real exchange rates
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653 |
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|a Public Finance
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653 |
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|a Finance: General
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653 |
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|a Portfolio Choice
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653 |
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|a Financial Crises
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710 |
2 |
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|a International Monetary Fund
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041 |
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Staff Country Reports
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/002/2008/096/002.2008.issue-096-en.xml?cid=21792-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a 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
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