| Description |
1 online resource (90 pages) |
| Series |
IMF country report ; no. 11/30 |
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IMF country report ; no. 11/30.
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| Contents |
Cover; Contents; I. Context and Recent Developments; II. Outlook and Risks; III. Policy Discussions; A. Strengthening the Institutional Underpinnings of the ECCU; B. Fiscal Consolidation and Debt Sustainability; C. Resilience of the Financial System; D. External Stability, Growth and Competitiveness; E. Enhancing ECCU and Fund Engagement; IV. Staff Appraisal; Boxes; 1. Public Debt in ECCU Countries; 2. Collapse of the CL Financial Group; 3. Moving Forward with the Establishment of an Economic and Monetary Union; 4. Improving the Efficiency of Public Expenditure in the ECCU |
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5. ECCU Banking Sector Sensitivity Analysis6. ECCU Banking System: Crisis Preparedness and Management; 7. Exchange Rate Assessment; 8. Growth in the ECCU; 9. Technical Assistance from the Fund in 2009 and 2010; 10. Features of the Rebased GDP and Revised CPI; Tables; 1. Selected Economic and Financial Indicators, 2005-11; 2. Selected Economic Indicators by Country, 2005-15; 3. Selected Central Government Fiscal Indicators by Country, 2005-15; 4. Selected Public Sector Debt Indicators by Country, 2005-15; 5. Monetary Survey, 2005-11; 6. Summary of Balance of Payments, 2005-15 |
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7. Selected Vulnerability Indicators, 2005-118. Creditor Composition of Public Debt at End-2009; Figures; 1. Overview; 2. External Environment, 1995-2009; 3. Fiscal Revenue, 1997-2009; 4. Fiscal Expenditure, 1997-2009; 5. Monetary Developments, 2001-June 2010; 6. Private Sector Credit Growth, 2004-June 2010; 7. Bank Liquidity, January 2008-June 2010; 8. Banking System's Gross Exposure to the Public Sector, 2003-09; 9. Decomposition of Commercial Banks' Exposure to the Public Sector, 2004-09; 10. Banking System Vulnerabilities, 2004-June 2010 |
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11. Regional Government Securities Market (RGSM), 2002-1012. Eastern Caribbean Securities Exchange; 13. External Sector Developments, 1997-2009; 14. Stayover Arrivals, 2006-10; 15. External Competitiveness, 1990-2009; 16. Doing Business Indicators, 2009; Appendix: Tables; 1. External Debt Sustainability Framework, 2005-15; 2. Public Sector Debt Sustainability Framework, 2005-15; Appendix: Figures; 1. External Debt Sustainability: Bound Tests; 2. Public Debt Sustainability: Bound Tests; Contents; Appendices; I. ECCU: Relations with the Fund; II. OECS: Relations with the World Bank Group |
| Summary |
1. The ECCU is at crossroads as vulnerabilities have intensified. The ECCU consists of eight small, open, tourism-dependent island economies which share a common currency pegged to the U.S. dollar (Figures 1 and 2).1 The regional currency board arrangement, which continues to be an appropriate exchange rate regime, has provided a strong anchor for macroeconomic stability, and facilitated financial system development. However, the global financial and economic crisis has brought to the fore pockets of significant weaknesses. Surging fiscal deficits, the lack of institutional arrangements for fiscal consolidation, unsustainable debt levels, and stress in the financial sector are threatening the very underpinnings of the currency union and the currency board. The authorities have responded on a number of fronts, but remedial action has been uneven and needs to be intensified in a number of areas and countries |
| Notes |
Online resource; title from PDF title page (IMF Web site, viewed May 10, 2011) |
| Subject |
Eastern Caribbean Currency Union.
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International Monetary Fund -- Caribbean Area
|
| SUBJECT |
Eastern Caribbean Currency Union fast |
|
International Monetary Fund fast |
| Subject |
Fiscal policy -- Caribbean Area
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Monetary policy -- Caribbean Area
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Banks and banking -- Caribbean Area
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Nonbank financial institutions -- Caribbean Area
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Competition -- Caribbean Area
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Debts, Public -- Caribbean Area
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Debts, External -- Caribbean Area
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Economic indicators -- Caribbean Area
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Banks and banking
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Competition
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Debts, External
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Debts, Public
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Economic history
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Economic indicators
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Fiscal policy
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Monetary policy
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Nonbank financial institutions
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| SUBJECT |
Caribbean Area -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85020285
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| Subject |
Caribbean Area
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| Form |
Electronic book
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| Author |
International Monetary Fund, issuing body.
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| ISBN |
1283562278 |
|
9781283562270 |
|
9781455269013 |
|
1455269018 |
|
9781455213900 |
|
145521390X |
|
9781455217564 |
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1455217565 |
|
