European Parliament Library

Eastern Caribbean Currency Union :, Selected Issues

This Selected Issues paper analyzes the income dispersion and comovement in the Eastern Caribbean Currency Union region. It finds that incomes are diverging, with the Leeward Islands converging to a higher income level than the Windward Islands. The paper examines the macroeconomic impact of trade preference erosion on the Windward Islands and demonstrates the substantial impact from preference erosion on growth, trade balances, and fiscal positions. The paper also analyzes the size of the informal economy in the Caribbean
Table Of Contents
Cover; Contents; Executive Summary; I. Income Dispersion and Co-Movement in the Eastern Caribbean Currency Union; A. Introduction; B. Data; C. Growth and Convergence; D. Income Trends; E. Income Cycles, Co-movement and Shock Persistence; F. Conclusions; II. The Macroeconomic Impact of Trade Preference Erosion on the Windward Islands; A. Introduction; B. Industry and Historical Overview; C. The Impact of Preference Erosion on Caribbean Countries; D. Evolution of Banana Export Prices, Quantities, and Values; E. Estimation of Implicit Assistance from Banana Trade Preferences
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (108 p.)
Specific Material Designation
Form Of Item

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