The Caribbean [electronic resource] : from vulnerability to sustained growth / edited by Ratna Sahay, David O. Robinson, and Paul Cashin.

Cover image for The Caribbean [electronic resource] : from vulnerability to sustained growth / edited by Ratna Sahay, David O. Robinson, and Paul Cashin.

ISBN:

9781451962468

Title:

The Caribbean [electronic resource] : from vulnerability to sustained growth / edited by Ratna Sahay, David O. Robinson, and Paul Cashin.

Author:

Sahay, Ratna, editor.

Physical Description:

1 online resource (xi, 348 pages) : illustrations

Contents:

Stabilization, debt, and fiscal policy in the Caribbean / Fiscal policy: is the Eastern Caribbean Currency Union a free-riding paradise? / Key features of Caribbean business cycles / Islands of stability? Determinants of macroeconomic volatility in the Eastern Caribbean Currency Union / Eastern Caribbean Currency Union banking system in a time of fiscal challenge / Natural disasters and their macroeconomic implications / Government responses to natural disasters in the Caribbean / Emigration and brain drain from the Caribbean / Tax concessions and foreign direct investment in the Eastern Caribbean Currency Union / Eastern Caribbean tourism: developments and outlook / Integration and growth in the Eastern Caribbean

Local Note:

eBooks on EBSCOhost

Corporate Subject:

Eastern Caribbean Currency Union.

Subject Term:

Fiscal policy -- Caribbean Area.

Business cycles -- Caribbean Area.

Natural disasters -- Economic aspects -- Caribbean Area.

Tourism -- Caribbean Area.

Brain drain -- Caribbean Area.

Geographic Term:

Caribbean Area -- Economic conditions.

Added Author:

Sahay, Ratna,

Robinson, David O.,

Cashin, Paul,

Added Corporate Author:

International Monetary Fund,

Format:

Electronic Resources

Electronic Access:

Click here to view

Publication Date:

2006

Publication Information:

[Washington, D.C.] :

International Monetary Fund,

[2006]

Available:*

Shelf Number	Material Type	Copy	Shelf Location	Status
330.9729 22	1:E-BOOK	1	1:ONLINE	Searching... Unknown

Bound With These Titles

On Order

Summary

This book sets out the economic challenges facing the island nations of the Caribbean and presents policy options to ameliorate external shocks and embark firmly on a sustained growth path. While the countries of the Eastern Caribbean Currency Union that are the focus of the book have enjoyed a sustained period of price and exchange rate stability, they have been buffeted in recent years by adverse shocks, including the erosion of trade preferences, declines in official foreign assistance, and frequent natural disasters. Strengthening their growth performance will require design of a multifaceted strategy that integrates the Caribbean with the global economy, facilitates an economic transformation from agriculture to tourism, fosters greater regional cooperation, and preserves macroeconomic stability. This volume examines the critical issues that are part of that process, including fiscal and financial sector policy, management of external flows, trade integration and tourism, macroeconomic cycles and volatility, and the economic implications of natural disasters.