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The Eastern Caribbean Central Bank: Probably not a currency board

Author

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  • Henry CARPENTER

Abstract

This article critically examines the institutional structure and monetary operations of the Eastern Caribbean Central Bank (ECCB). Although often described as a currency board, the ECCB exhibits several characteristics that diverge from orthodox currency board principles. The paper analyzes its reserve backing, exchange rate policy, and discretionary powers, concluding that the ECCB functions more like a conventional central bank than a true currency board.

Suggested Citation

  • Henry CARPENTER, 2025. "The Eastern Caribbean Central Bank: Probably not a currency board," Turkish Economic Review, EconSciences Journals, vol. 12(2), pages 83-94, June.
    • Handle: RePEc:cvv:journ2:v:12:y:2025:i:2:p:83-94
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    Keywords

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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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