Eastern Caribbean Currency Union: Selected Issues

October 27, 2004

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Eastern Caribbean Currency Union: Selected Issues, (USA: International Monetary Fund, 2004) accessed November 23, 2024

Summary

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.

Subject: Business cycles, Economic growth, Economic sectors, Environment, Foreign exchange, Natural disasters, Public debt, Real exchange rates, Tourism

Keywords: Bank, Business cycles, Caribbean, CR, ECCU bank, ECCU country, Global, Growth cycle, Insurance market, ISCR, Natural disasters, Public debt to GDP ratio, Real exchange rates, Tourism

Publication Details

Pages:

160
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/335
Stock No:

1ECCEA0032004
ISBN:

9781451811667
ISSN:

1934-7685

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