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The Eastern Caribbean Currency Union

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  • Ruby Randall
  • Jorge Shepherd
  • Frits Van Beek
  • J. R. Rosales
  • Mayra Rebecca Zermeno Livas
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    Abstract

    The Eastern Caribbean Central Bank is one of just a few regional central banks in the world and the only one where the member countries have pooled all their foreign reserves, the convertability of the common currency is fully self-supported, and the parity of the exchange rate has not changed. This occasional paper reviews recent developments, policy issues, and institutional arrangements in the member countries of the Eastern Caribbean Currency Union, and looks at the regional financial system, its supervision, and the central bank's initiatives to establish a single financial space. The paper includes a large amount of statistical information that is not readily available elsewhere from a single source.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 195.

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    Length: 65
    Date of creation: 11 Aug 2000
    Date of revision:
    Handle: RePEc:imf:imfocp:195

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    Cited by:
    1. Ricci, Luca Antonio, 2008. "A Model of an Optimum Currency Area," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 2(8), pages 1-31.

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