Eastern Caribbean Currency Union : Selected Issues.

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 filt...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2004.
Serie:IMF Staff Country Reports; Country Report ; No. 2004/335
Accesso online:Full text available on IMF
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520 3 |a 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, id est, 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. 
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