IMF Staff Country Reports

Eastern Caribbean Currency Union: Selected Issues

October 27, 2004

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. "Eastern Caribbean Currency Union: Selected Issues", IMF Staff Country Reports 2004, 335 (2004), accessed April 13, 2025, https://doi.org/10.5089/9781451811667.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

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

You May Also Be Interested In...

Cyprus: Technical Assistance Report-Managing Government Employment and Compensation

April 11, 2025

Principality of Andorra: 2025 Article IV Consultation-Press Release; and Staff Report

April 11, 2025

Determinants of Sovereign Spreads in The Bahamas: Bahamas

April 11, 2025

The Implications of the Electricity Sector Reform in The Bahamas: Bahamas

April 11, 2025