A currency union for the Caribbean /

A currency union for the Caribbean /

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Bibliographic Details
Author / Creator:	Worrell, DeLisle, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2003.
Description:	1 online resource (34 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/35 IMF working paper ; WP/03/35.
Subject:	Monetary unions -- Caribbean Area. Monetary policy -- Caribbean Area. Currency question -- Caribbean Area. Foreign exchange rates -- Caribbean Area. Currency question. Foreign exchange rates. Monetary policy. Monetary unions. Caribbean Area.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497461

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN:	145189287X 9781451892871 1281607177 9781281607171 1462335934 9781462335930 1452757356 9781452757353 9786613787880 6613787884
Notes:	Includes bibliographical references (pages 31-34). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	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.
Other form:	Print version: Worrell, DeLisle. Currency union for the Caribbean. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451892871.001

Description
Summary:	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.
Physical Description:	1 online resource (34 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 31-34).
ISBN:	145189287X 9781451892871 1281607177 9781281607171 1462335934 9781462335930 1452757356 9781452757353 9786613787880 6613787884
ISSN:	2227-8885 ;