Download or read book Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone written by Mr.Oral Williams and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-08-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries within the ECCU area have achieved greater balance of payments protection than the CFA zone countries from the pooling of reserves. Unanticipated changes in the terms of trade lowered reserves in the CFA relative to the ECCU, which may reflect a greater reliance on primary commodities in the CFA compared with services in the ECCU.
Download or read book Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone written by Oral Williams and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Pooling in the Eastern Caribbean Currency Union and the Cfa Franc Zone A Comparative Analysis written by Oral H. Williams and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries within the ECCU area have achieved greater balance of payments protection than the CFA zone countries from the pooling of reserves. Unanticipated changes in the terms of trade lowered reserves in the CFA relative to the ECCU, which may reflect a greater reliance on primary commodities in the CFA compared with services in the ECCU.
Download or read book Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Fran Zone written by Oral Williams and published by . This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Pooling in the Eastern Caribbean Corrency Union and the CFA Franc Zone written by Williams Oral and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Pooling in the Eastern Caribbean Currency Union and the CFA France Zone written by Oral Williams and published by . This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Pooling in the Eastern Caribben Currency Union and the CFA Franc Zone written by Oral Williams and published by . This book was released on 2001 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Pooling in the Eastern Caribbean Central Bank Region written by Oral Williams and published by . This book was released on 1998 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether countries within the ECCB region are enjoying greater balance of payment protection in the monetary union than they would have enjoyed autonomously.
Download or read book Optimal Reserves in the Eastern Caribbean Currency Union written by Wendell A. Samuel and published by International Monetary Fund. This book was released on 2009-04 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: We identify structural breaks in economic growth in 140 countries and use these to define "growth spells: " periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than elsewhere. We find that growth duration is positively related to: the degree of equality of the income distribution; democratic institutions; export orientation (with higher propensities to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for duration); and macroeconomic stability (with even moderate instability curtailing growth duration)
Download or read book Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union written by Phebby Kufa and published by International Monetary Fund. This book was released on 2003-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fiscal position of the Eastern Caribbean Currency Union (ECCU) has deteriorated significantly in recent years, resulting in sharp increases in public debt. The sustainability of public debt is examined using the public sector budget constraint to derive the maximum public-debt-to-GDP ratio that can be sustained based on a country's projected steady-state primary balance, interest rate on public debt, and economic growth rate. In this context, government deficits and debt in several ECCU member countries appear unsustainable, posing a risk to the stability of the currency union. A critical issue facing member countries is to implement fiscal policies consistent with sustainable public finances and debt to underpin the currency union.
Download or read book The Eastern Caribbean Central Bank written by Pablo Druck and published by International Monetary Fund. This book was released on 2008-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the theoretical model of the ECCB's institutional arrangement are that the majority of currency union members may veto emergency lending in the case of a member-specific shock, as such lending may endanger the stability of the currency board (by lowering the central bank's international reserves, thus raising devaluation risk). However, in the presence of contagion across countries, all currency union members have a vested interest in liquidity supply from the central bank. A key policy recommendation is that currency union members need a stronger fiscal position to continue to access international financial markets and sustain the exchange rate peg.
Download or read book Central African Economic and Monetary Community written by Mr.Mario Zamaróczy and published by International Monetary Fund. This book was released on 2018-08-03 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses possible reserve management approaches in the Central African Economic and Monetary Community (CEMAC). The paper looks beyond the region’s current oil crisis and proposes a new approach to international reserve management in the medium term.
Download or read book Monetary Union Among Member Countries of the Gulf Cooperation Council written by Mr.Ugo Fasano-Filho and published by International Monetary Fund. This book was released on 2003-08-29 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial integration, with the aim of establishing an economic and monetary union. This paper provides a detailed analysis of the economic performance and policies of the GCC countries during 1990-2002. Drawing on the lessons from the experience of selected currency and monetary unions in Africa, Europe, and the Caribbean, it assesses the potential costs and benefits of a common currency for GCC countries and also reviews the options for implementing a monetary union among these countries.
Download or read book St Kitts and Nevis written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2015-09-09 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that the economic situation of St. Kitts and Nevis has continued to improve since the completion of the IMF-supported home-grown economic program in July 2014. Continued rapid inflows under the Citizenship-By Investment program have led to a surge in construction activity, and supported a large increase in government and Sugar Industry Diversification Fund investments and spending, including on the People Employment Program. These factors, together with the ongoing recovery in tourist arrivals fueled rapid GDP growth of about 6 percent in 2013 and 2014. The near-term outlook remains strong, but there are risks on the horizon.
Download or read book The Palgrave Handbook of EU Asia Relations written by Emil Kirchner and published by Springer. This book was released on 2016-11-09 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook provides a comprehensive range of contributions on the relations between the EU and Asia - two regions undergoing significant changes internally yet also developing stronger relations in the context of an emerging multi-polar world. It collates some 40 contributions from various disciplines by contributors from throughout the world.
Download or read book Brookings Trade Forum 2001 written by Susan M. Collins and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual series provides comprehensive analysis on current and emerging issues of international trade and macroeconomics. Practitioners and academics contribute to each volume, with papers that provide an in-depth look at a particular topic. The fourth edition focuses on the issues and implications of globalization. Contents include: "Holding International Reserves in an Era of High Capital Mobility" Robert P. Flood (International Monetary Fund) and Nancy Marion (Dartmouth College) "The Impossible Duo? Globalization and Monetary Independence in Emerging Markets" Andrés Velasco (Harvard University) "The Adoption of International Labor Standards Conventions: Who, When, and Why?" Nancy H. Chau and Ravi Kanbur (Cornell University) "The Determinants of Individual Trade Policy Preferences: International Survey Evidence" Kevin O'Rourke and Richard Sinnott (Trinity College, Dublin) "Borders, Trade, and Welfare" James E. Anderson (Boston College) and Eric van Wincoop (Federal Reserve Bank of New York) Expansion Strategies of U.S. Multinational Firms Gordon Hanson (University of Michigan), Raymond J. Mataloni Jr. (BEA), and Matthew J. Slaughter (Dartmouth College) 2002, 6 x 9, 300 pp. paper, 0-8157-1575-7, $24.95 / £18.50 (ISSN 1520-5479)
Download or read book The IMF and the World Bank at Sixty written by Ariel Buira and published by Anthem Press. This book was released on 2005-05-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The IMF and the World Bank at Sixty' presents a selection of essays prepared for the Group of Twenty-Four Developing Nations (G24), by some of the foremost authorities in their fields, which address these challenges and suggest the need for reform in several areas. These essays have one fundamental aim: to improve the functioning of the global economy and to better enable developing countries to share in the prosperity of recent decades.
