| Description |
1 online resource (34 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/03/35 |
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IMF working paper ; WP/03/35.
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| 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 |
| Bibliography |
Includes bibliographical references (pages 31-34) |
| Notes |
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 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Monetary unions -- Caribbean Area
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Monetary policy -- Caribbean Area
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Currency question -- Caribbean Area
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Foreign exchange rates -- Caribbean Area
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Currency question
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Foreign exchange rates
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Monetary policy
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Monetary unions
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Caribbean Area
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| Form |
Electronic book
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| Author |
International Monetary Fund. Monetary and Exchange Affairs Department.
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| ISBN |
145189287X |
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9781451892871 |
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1281607177 |
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9781281607171 |
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1462335934 |
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9781462335930 |
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1452757356 |
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9781452757353 |
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9786613787880 |
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6613787884 |
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