European Parliament Library

The Eastern Caribbean Economic and Currency Union :, Macroeconomics and Financial Systems, Alfred Schipke, Aliona Cebotari, Nita Thacker

Label
The Eastern Caribbean Economic and Currency Union :, Macroeconomics and Financial Systems, Alfred Schipke, Aliona Cebotari, Nita Thacker
Language
eng
Abstract
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth
Bibliography note
Includes bibliographical references and index
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
The Eastern Caribbean Economic and Currency Union :
Nature of contents
dictionaries
Oclc number
867927856
Responsibility statement
Alfred Schipke, Aliona Cebotari, Nita Thacker
Sub title
Macroeconomics and Financial Systems
Table Of Contents
Cover; Contents; Foreword; Preface; Contributors; Abbreviations; PART I: INTRODUCTION AND SUMMARY; 1 The Eastern Caribbean Economic and Currency Union: Overview and Key Issues; PART II: THE SETTING; 2 The Economic, Social, and Political Setting; 3 Economic Integration and the Institutional Setup of the OECS/ECCU; PART III: GROWTH ISSUES; 4 Economic Growth; PART IV: FISCAL POLICY AND ADMINISTRATION; 5 Public Debt; 6 Enhancing Fiscal Revenue; 7 Public Expenditure Rationalization; 8 Fiscal Multipliers; 9 Experiences with Sovereign Debt Restructuring: Case Studies from the OECS/ECCU and BeyondPART V: FINANCIAL SECTOR 10 The Banking Sector; 11 Credit Unions: Prospects and Challenges; 12 The Insurance Sector and the Collapse of CL Financial; 13 Capital Markets: An Example of a Regional Market; 14 Offshore Financial Centers: To Be or Not to Be?; PART VI: MONETARY AND EXCHANGE RATE ISSUES; 15 The Role of the Eastern Caribbean Central Bank; 16 The Optimal Exchange Rate Regime in the OECS/ECCU: A Medium-Term View; PART VII: EXTERNAL SECTOR; 17 External Competitiveness; PART VIII: THE ROLE OF THE PRIVATE SECTOR; 18 Impediments to Developing the Private SectorPART IX: MACROECONOMIC STATISTICS 19 Macroeconomic Statistics for Policymaking; Index;
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