Eastern Caribbean Currency Union: Selected Issues
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Summary:
This Selected Issues paper on the Eastern Caribbean Currency Union (ECCU) underlies key features of business cycles. To obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level, the ECCU countries are facing two shocks, i.e., the depreciation of the U.S. dollar and the depreciation of the Dominican Republic’s peso. The countries of the ECCU have experienced modest erosion in their price and nonprice competitiveness.
Series:
Country Report No. 2004/335
Subject:
Business cycles Economic growth Economic sectors Environment Foreign exchange Natural disasters Public debt Real exchange rates Tourism
English
Publication Date:
October 27, 2004
ISBN/ISSN:
9781451811667/1934-7685
Stock No:
1ECCEA0032004
Pages:
160
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