Author: International Monetary Fund. Western Hemisphere Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 27
Book Description
Eastern Caribbean Currency Union: Selected Issues
Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 27
Book Description
Eastern Caribbean Currency Union: Selected Issues
Eastern Caribbean Currency Union
Author: International Monetary Fund. Western Hemisphere Dept.Publisher: International Monetary Fund
ISBN: 1498300103
Category : Business & Economics
Languages : en
Pages : 67
Book Description
This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND) in Eastern Caribbean Currency Union (ECCU). Cost-benefit analysis of resilient investment based on a dynamic stochastic general equilibrium model tailored to small states and calibrated to all ECCU economies is also discussed in the paper. The model’s aggregate production function illustrates the interaction among the participating sectors and their contribution to output, ultimately informing the role of resilient investment. The study also quantifies government insurance coverage needs and costs using an empirical stochastic model that simulates NDs fiscal costs. The insurance needs are framed within the World Bank insurance layering framework. The results in this paper underscore the importance of a shift from ex-post recovery to a focus on ex-ante resilience building. Ex-ante resilient investment and insurance are key to the welfare and financial sustainability of the ECCU, given high intensity and recurrence of NDs.
Eastern Caribbean Currency Union
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1475504101
Category : Business & Economics
Languages : en
Pages : 43
Book Description
The Eastern Caribbean Currency Union (ECCU) has made significant progress in improving the quality and quantity of the macroeconomic statistics it produces and disseminates to the public. The Selected Issues Paper discusses prospects and challenges for credit unions in the ECCU. It reviews the current state of macroeconomic statistics, outlines progress that has been made, and identifies outstanding challenges. It also describes technical assistance to the region and presents the challenges for the production of macroeconomic statistics in small island states.
Eastern Caribbean Currency Union
Author: Fondo Monetario InternacionalPublisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 105
Book Description
Eastern Caribbean Currency Union, Selected Issues
Author: Federal Republic of Yugoslavia
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451840888
Category : Business & Economics
Languages : en
Pages : 81
Book Description
This Selected Issues paper and Statistical Appendix for the Federal Republic of Yugoslavia outlines the progress made in the fiscal area since late 2000, focusing on the overall fiscal adjustment (developments in revenue and expenditure) and reforms of the tax system and social spending. The paper also presents an overview of financial sector reforms in Serbia and Montenegro, elaborates on the closure of the four largest state-owned banks in Serbia, and outlines progress in strengthening prudential supervision in both republics.
Annual Report on Exchange Arrangements and Exchange Restrictions 2018
Author: International Monetary Fund. Monetary and Capital Markets DepartmentPublisher: International Monetary Fund
ISBN: 1484396774
Category : Business & Economics
Languages : en
Pages : 3724
Book Description
The Annual Report on Exchange Arrangements and Exchange Restrictions has been published by the IMF since 1950. It draws on information available to the IMF from a number of sources, including that provided in the course of official staff visits to member countries, and has been prepared in close consultation with national authorities.
Eastern Caribbean Currency Union
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1475547749
Category : Business & Economics
Languages : en
Pages : 43
Book Description
The Eastern Caribbean Currency Union (ECCU) has made significant progress in improving the quality and quantity of the macroeconomic statistics it produces and disseminates to the public. The Selected Issues Paper discusses prospects and challenges for credit unions in the ECCU. It reviews the current state of macroeconomic statistics, outlines progress that has been made, and identifies outstanding challenges. It also describes technical assistance to the region and presents the challenges for the production of macroeconomic statistics in small island states.
The Eastern Caribbean Currency Union
Author: Mr.Antonio LemusPublisher: International Monetary Fund
ISBN: 1463931220
Category : Business & Economics
Languages : en
Pages : 23
Book Description
This paper studies the nature of the shocks affecting the Eastern Caribbean Currency Union (ECCU), and examines whether a hypothetical Eastern Caribbean fiscal insurance mechanism could insure member countries of the union against asymmetric national income shocks. The empirical results suggest that a one dollar reduction in an ECCU member country's per capita personal income could trigger, through reduced income taxes and increased transfers, flows equivalent to about 7 percent of the initial income shock. Each member of the currency union could benefit as well, although the extent of shock mitigation differs across individual countries.
Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union
Author: Mr.A. E. Wayne MitchellPublisher: International Monetary Fund
ISBN: 1498316077
Category : Business & Economics
Languages : en
Pages : 33
Book Description
In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of public service delivery. Over the period 2005 to 2015 their wage bill (as a percentage of GDP, government revenues and expenditures) is higher than in other small states notwithstanding recent efforts by governments to make it more manageable. The composition and distribution of employment is sub-optimal and is reflected in skills mismatches contributing to inefficiencies in public service delivery. Using a dynamic fixed-effects panel, we find that wage bill growth reflects the expansion of government activities to speed up economic and social development and that wage bill spending is procyclical in good times but is rigid during downturns. Finally, we identify the main institutional and legal reforms needed to improve wage bill management and public service efficiency.