01846cas a2200241 a 4500 AALejournalIMF005622 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871869 1018-5941 BD-DhAAL BD-DhAAL Monroe, Hunter. Can the Eastern Caribbean Currency Union Afford to Grow Old? / Hunter Monroe. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (15 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 demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform. First, for some ECCU countries, continued emigration at historical rates would considerably advance the projected date at which pension scheme assets are depleted. Second, there is a significant risk that assets will underperform, given the large exposures to the highly-leveraged public sector and to a lesser extent the record with private sector investments. Third, portfolio diversification away from the public sector could be complicated by age-related pressure for greater central government health spending. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/038 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/038/001.2009.issue-038-en.xml IMF e-Library