01657cas a2200241 a 4500 AALejournalIMF002230 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845372 1018-5941 BD-DhAAL BD-DhAAL Worrell, Rupert. A Currency Union for the Caribbean / Rupert Worrell. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (35 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 experiences of Caribbean Economic Community countries show that exchange rate depreciation in these countries is inflationary, and that, while changes in the relative prices of tradables may affect exports, tourism, and imports, nominal exchange rate changes have no predictable effect on those relative prices. Under these circumstances, economic literature indicates that a fixed exchange rate regime is optimal, and Caribbean countries with (quasi-) currency boards have been successful in maintaining durable exchange rate pegs. Commitment to a currency board is a potentially vital step in achieving a currency union for the Caribbean. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2003/035 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/035/001.2003.issue-035-en.xml IMF e-Library