Currency crisis vulnerability : the case of the Eastern Caribbean Currency Union
- [St. Augustine]TT Caribbean Centre for Money & Finance 2002
- 25 p.
Reviews the evolution of several indicators over a 10-year period for member countries of the Eastern Caribbean Currency Union(ECCU) and discusses whether the existing trend points to an impending crisis. Examines the role of fiscal policy under a fixed exchange rate system. Highlights the contribution of fiscal management policy in generating a currency crisis.