Eastern Caribbean Currency Union : selected issues /

Eastern Caribbean Currency Union : selected issues /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2011.
Description:	1 online resource (62 pages)
Language:	English
Series:	IMF country report ; no. 11/32 IMF country report ; no. 11/32.
Subject:	Eastern Caribbean Currency Union. Eastern Caribbean Currency Union. Economic development -- Caribbean Area. Tourism -- Caribbean Area. Tourism -- Caribbean Area -- Econometric models. Debts, Public -- Caribbean Area. Economic development -- Caribbean Area -- Econometric models. Expenditures, Public. Debts, Public. Economic development. Economic development -- Econometric models. Economic history. Expenditures, Public. Tourism. Tourism -- Econometric models. Caribbean Area -- Economic conditions. Caribbean Area.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499111

Hidden Bibliographic Details
Varying Form of Title:	Eastern Caribbean Currency Union, selected issues
Other authors / contributors:	Acevedo, S. (Sebastian) International Monetary Fund, issuing body.
ISBN:	1283558203 9781283558204 9781455250851 1455250856 9781455213894 1455213896
Notes:	Online resource; title from PDF title page (IMF Web site, viewed May 10, 2011).
Summary:	1. Growth in the ECCU countries has been on a declining trend since the 1990s, with the current global slowdown exacerbating this trend. The ECCU region has been buffeted by a series of adverse exogenous shocks over time, including the erosion of trade preferences; the decline in official foreign assistance; recessions in the developed countries, the main source of tourism and FDI for the region; and frequent natural disasters. The recent global slowdown has exacerbated the already declining trend in growth. Growth has declined from an average of 6 percent in the 1980s to just over 2 percent since 2000, with most ECCU countries reporting negative growth in 2008-09. At the same time, the relaxation of the fiscal stance, partly reflecting accommodation to these shocks, has led to a rapid build-up of public debt in the region.

Description
Summary:	1. Growth in the ECCU countries has been on a declining trend since the 1990s, with the current global slowdown exacerbating this trend. The ECCU region has been buffeted by a series of adverse exogenous shocks over time, including the erosion of trade preferences; the decline in official foreign assistance; recessions in the developed countries, the main source of tourism and FDI for the region; and frequent natural disasters. The recent global slowdown has exacerbated the already declining trend in growth. Growth has declined from an average of 6 percent in the 1980s to just over 2 percent since 2000, with most ECCU countries reporting negative growth in 2008-09. At the same time, the relaxation of the fiscal stance, partly reflecting accommodation to these shocks, has led to a rapid build-up of public debt in the region.
Physical Description:	1 online resource (62 pages)
ISBN:	1283558203 9781283558204 9781455250851 1455250856 9781455213894 1455213896