01717cas a2200265 a 4500 AALejournalIMF001479 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852769 1018-5941 BD-DhAAL BD-DhAAL Selvon, Hazel. Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone : A Comparative Analysis / Hazel Selvon, Tracy Polius, Oral Williams. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries within the ECCU area have achieved greater balance of payments protection than the CFA zone countries from the pooling of reserves. Unanticipated changes in the terms of trade lowered reserves in the CFA relative to the ECCU, which may reflect a greater reliance on primary commodities in the CFA compared with services in the ECCU. Mode of access: Internet Polius, Tracy. Williams, Oral. IMF Working Papers; Working Paper ; No. 2001/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/104/001.2001.issue-104-en.xml IMF e-Library