European Parliament Library

Eastern Caribbean Currency Union, Selected Issues, International Monetary Fund

Abstract
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
Table Of Contents
Cover; Contents; Executive Summary; I. Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union; A. Introduction; B. Evolution of the Real Exchange Rate in the ECCU; C. Equilibrium Real Exchange Rate; D. Macroeconomic Balance Approach; E. Conclusions; II. Price Dynamics in the Eastern Caribbean Currency Union; A. Introduction; B. What is the Composition of CPI Baskets?; C. Impact of U.S. Price Movements; D. The Real Exchange Rate Within the ECCU; E. Concluding Remarks; III. The ECCB: Challenges to an Effective Lender of Last Resort; A. Introduction
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (103 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452713274

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