Eastern Caribbean Currency Union
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.
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Paper provided by International Monetary Fund in its series IMF Staff Country Reports
Date of creation:
06 Mar 2007Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
Related researchKeywords: Income distribution
; Eastern Caribbean Currency Union
; Economic growth
; Generalized System of Preferences
; Domestic investment
; Selected issues
; per capita income
; business cycles
; per capita incomes
; real per capita income
; income convergence
; real gdp
; national income
; monetary union
; preference erosion
; income differentials
; business cycle
; economic integration
; growth model
; national incomes
; gdp per capita
; neoclassical growth model
; monetary unions
; trade preferences
; international integration
; agricultural trade
; process of convergence
; business cycle components
; trade integration
; increasing trade
; multiplier effects
; increasing trade integration
; geographic proximity
; impact of trade
; exchange rate regime
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- World Bank, 2010.
"Strengthening Caribbean Pensions : Improving Equity and Sustainability,"
World Bank Other Operational Studies
2847, The World Bank.
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