Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Published: 2024-04-25
Total Pages: 27
ISBN-13:
DOWNLOAD EBOOK →Eastern Caribbean Currency Union: Selected Issues
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Eastern Caribbean Currency Union
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-06-08
Total Pages: 43
ISBN-13: 1475504101
DOWNLOAD EBOOK →The Eastern Caribbean Currency Union (ECCU) has made significant progress in improving the quality and quantity of the macroeconomic statistics it produces and disseminates to the public. The Selected Issues Paper discusses prospects and challenges for credit unions in the ECCU. It reviews the current state of macroeconomic statistics, outlines progress that has been made, and identifies outstanding challenges. It also describes technical assistance to the region and presents the challenges for the production of macroeconomic statistics in small island states.
Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Published: 2019-02-22
Total Pages: 67
ISBN-13: 1498300103
DOWNLOAD EBOOK →This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND) in Eastern Caribbean Currency Union (ECCU). Cost-benefit analysis of resilient investment based on a dynamic stochastic general equilibrium model tailored to small states and calibrated to all ECCU economies is also discussed in the paper. The model’s aggregate production function illustrates the interaction among the participating sectors and their contribution to output, ultimately informing the role of resilient investment. The study also quantifies government insurance coverage needs and costs using an empirical stochastic model that simulates NDs fiscal costs. The insurance needs are framed within the World Bank insurance layering framework. The results in this paper underscore the importance of a shift from ex-post recovery to a focus on ex-ante resilience building. Ex-ante resilient investment and insurance are key to the welfare and financial sustainability of the ECCU, given high intensity and recurrence of NDs.
Eastern Caribbean Currency Union
Author: Fondo Monetario Internacional
Publisher:
Published: 2007
Total Pages: 105
ISBN-13:
DOWNLOAD EBOOK →Eastern Caribbean Currency Union, Selected Issues
The Eastern Caribbean Currency Union
Author: International Monetary Fund
Publisher:
Published: 2000
Total Pages: 65
ISBN-13:
DOWNLOAD EBOOK →Financial system, money, capital market, economic developments, output, employment, prices, tourism, public finances, banking, monetary issues, fiscal policy.
Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union
Eastern Caribbean Currency Union
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2004-09-22
Total Pages: 63
ISBN-13: 1451811659
DOWNLOAD EBOOK →The staff report for the 2004 Regional Surveillance on the Eastern Caribbean Currency Union (ECCU) focuses on the economic developments and near-term prospects. The fiscal position of the governments in the region has deteriorated sharply in recent years and resulted in a marked increase in public sector debt. Efforts in the region have focused on strengthening the supervisory and regulatory regimes in both the domestic banking sector and the offshore financial sector. Enhanced regional cooperation could also help broaden markets and provide opportunities to achieve economies of scale.
Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Published: 2019-02-22
Total Pages: 82
ISBN-13: 1498300065
DOWNLOAD EBOOK →This 2018 discussion on common policies of the Eastern Caribbean Currency Union (ECCU) highlights that the member countries are gradually recovering following the catastrophic impact of Hurricanes Irma and Maria in 2017. Conditions remain favorable to growth, however, risks are increasing. The fiscal balance for the region as a whole worsened in 2017, reflecting lower inflows from citizenship-by-investment programs and higher reconstruction and current spending. The IMF team made several policy recommendations including shifting focus from the current emphasis on recovery from natural disasters to building ex-ante resilience. The report also recommends intensifying decisive and timely actions to resolve weaknesses in the financial sector, including longstanding problems in the banking sector and emerging risks in the non-banking sector. The authorities expressed commitment to the acceleration of key reforms to upgrade and strengthen the financial sector regional oversight framework. In addition to fiscal consolidation, injecting new vigor into the structural policy agenda will help enhance competitiveness and make growth more inclusive.
Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Published: 2016-10-25
Total Pages: 119
ISBN-13: 147554636X
DOWNLOAD EBOOK →The regional recovery is gaining ground, supported by continued low oil prices, the return to pre-2007 levels of tourism arrivals, and buoyant citizenship-by-investment receipts. Three failed banks have been resolved with no spillovers to the rest of the region and authorities have demonstrated improved fiscal management. Risks in the short run appear to be balanced but the region still faces many vulnerabilities that jeopardize the medium-term outlook. This year’s discussions took stock of the progress made and the policies needed to address key vulnerabilities related to the weak banking system, high debt, susceptibility to natural disasters, and competitiveness.
