06949oam 22015614 450 991078766890332120230803031324.01-4755-2866-31-4755-9251-51-4755-7769-9(CKB)2670000000420227(EBL)1587734(SSID)ssj0001036940(PQKBManifestationID)11641719(PQKBTitleCode)TC0001036940(PQKBWorkID)11042587(PQKB)10557570(MiAaPQ)EBC1587734(Au-PeEL)EBL1587734(CaPaEBR)ebr10739462(CaONFJC)MIL490292(OCoLC)867927856(IMF)MFSEEE(IMF)MFSEEA(EXLCZ)99267000000042022720020129d2013 uf 0engurcn|||||||||txtccrThe Eastern Caribbean Economic and Currency Union : Macroeconomics and Financial Systems /Alfred Schipke, Aliona Cebotari, Nita ThackerWashington, D.C. :International Monetary Fund,2013.1 online resource (547 p.)Description based upon print version of record.1-61635-265-5 Includes bibliographical references and index.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 BeyondPART 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 SectorPART IX: MACROECONOMIC STATISTICS 19 Macroeconomic Statistics for Policymaking; Index;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.BooksEconomic developmentCaribbean AreaFiscal policyCaribbean AreaEconomic indicatorsCaribbean AreaBanks and BankingimfFinance: GeneralimfFinancial Risk ManagementimfPublic FinanceimfTaxationimfExports and ImportsimfForeign ExchangeimfDebtimfDebt ManagementimfSovereign DebtimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfTaxation, Subsidies, and Revenue: GeneralimfNational Government Expenditures and Related Policies: GeneralimfGeneral Financial Markets: General (includes Measurement and Data)imfPublic finance & taxationimfFinanceimfBankingimfInternational economicsimfInvestment & securitiesimfCurrencyimfForeign exchangeimfPublic debtimfCredit bureausimfExpenditureimfRevenue administrationimfDebt restructuringimfFinancial marketsimfAsset and liability managementimfDebts, PublicimfBanks and bankingimfDebts, ExternalimfCredit ratingsimfExpenditures, PublicimfRevenueimfCaribbean AreaEconomic policySt. LuciaimfEconomic developmentFiscal policyEconomic indicatorsBanks and BankingFinance: GeneralFinancial Risk ManagementPublic FinanceTaxationExports and ImportsForeign ExchangeDebtDebt ManagementSovereign DebtBanksDepository InstitutionsMicro Finance InstitutionsMortgagesTaxation, Subsidies, and Revenue: GeneralNational Government Expenditures and Related Policies: GeneralGeneral Financial Markets: General (includes Measurement and Data)Public finance & taxationFinanceBankingInternational economicsInvestment & securitiesCurrencyForeign exchangePublic debtCredit bureausExpenditureRevenue administrationDebt restructuringFinancial marketsAsset and liability managementDebts, PublicBanks and bankingDebts, ExternalCredit ratingsExpenditures, PublicRevenue332.4/9729Schipke Alfred1501097Cebotari Aliona1493481Thacker Nita1536606DcWaIMFBOOK9910787668903321The Eastern Caribbean Economic and Currency Union3866094UNINA