1.

Record Nr.

UNINA9910817682103321

Autore

Schipke Alfred

Titolo

The Eastern Caribbean Economic and Currency Union : : Macroeconomics and Financial Systems / / Alfred Schipke, Aliona Cebotari, Nita Thacker

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-2866-3

1-4755-9251-5

1-4755-7769-9

Edizione

[1st ed.]

Descrizione fisica

1 online resource (547 p.)

Altri autori (Persone)

CebotariAliona

ThackerNita

Disciplina

332.4/9729

Soggetti

Economic development - Caribbean Area

Fiscal policy - Caribbean Area

Economic indicators - Caribbean Area

Banks and Banking

Finance: General

Financial Risk Management

Public Finance

Taxation

Exports and Imports

Foreign Exchange

Debt

Debt Management

Sovereign Debt

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Taxation, Subsidies, and Revenue: General

National Government Expenditures and Related Policies: General

General Financial Markets: General (includes Measurement and Data)

Public finance & taxation

Finance

Banking

International economics

Investment & securities

Currency



Foreign exchange

Public debt

Credit bureaus

Expenditure

Revenue administration

Debt restructuring

Financial markets

Asset and liability management

Debts, Public

Banks and banking

Debts, External

Credit ratings

Expenditures, Public

Revenue

Caribbean Area Economic policy

St. Lucia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Cover; Contents; Foreword; Preface; Contributors; Abbreviations; PART I: INTRODUCTION AND SUMMARY; 1 The Eastern Caribbean Economic and Currency Union: Overview and Key Issues; PART II: THE SETTING; 2 The Economic, Social, and Political Setting; 3 Economic Integration and the Institutional Setup of the OECS/ECCU; PART III: GROWTH ISSUES; 4 Economic Growth; PART IV: FISCAL POLICY AND ADMINISTRATION; 5 Public Debt; 6 Enhancing Fiscal Revenue; 7 Public Expenditure Rationalization; 8 Fiscal Multipliers; 9 Experiences with Sovereign Debt Restructuring: Case Studies from the OECS/ECCU and Beyond

PART V: FINANCIAL SECTOR 10 The Banking Sector; 11 Credit Unions: Prospects and Challenges; 12 The Insurance Sector and the Collapse of CL Financial; 13 Capital Markets: An Example of a Regional Market; 14 Offshore Financial Centers: To Be or Not to Be?; PART VI: MONETARY AND EXCHANGE RATE ISSUES; 15 The Role of the Eastern Caribbean Central Bank; 16 The Optimal Exchange Rate Regime in the OECS/ECCU: A Medium-Term View; PART VII: EXTERNAL SECTOR; 17 External Competitiveness; PART VIII: THE ROLE OF THE PRIVATE SECTOR; 18 Impediments to Developing the Private Sector

PART IX: MACROECONOMIC STATISTICS 19 Macroeconomic Statistics for Policymaking; Index;

Sommario/riassunto

The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a



comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.