00867nam a2200121Ia 450000500170000008000260001710000220004324501030006526000700016830000100023852004780024858300190072620260716043921.0  a11.02.01 M742cr(2007)  aCraigwell, Roland  aExchange rate regimes and monetary autonomy : empirical evidence from selected Caribbean countries  b[Caribbean Centre for Money and Finance]a[St. Augustine]TTc2007  a27 p.  aUses the error correcting methodology to investigate how pegged and non-pegged exchange rate regimes in a set of Caribbean countries affect the closeness of the relationship between changes in a base country rate and the local rate.  Supports the open economy macroeconomic policy trilemma proposition that only two of the following goals - stability in the exchange rate, national independence in monetary policy and free capital mobility - can be achieved simultaneously.  c11/19/08kJOYD