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4 Key Features of Caribbean Business Cycles

4 Key Features of Caribbean Business Cycles »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The study of business cycles or the pattern of fluctuations in economic activity has a long history in economics. Since the seminal work of Burns and Mitchell (1946) and their colleagues at the...

5 Islands of Stability? Determinants of Macroeconomic Volatility in the Eastern Caribbean Currency Union

5 Islands of Stability? Determinants of Macroeconomic Volatility in the Eastern Caribbean Currency Union »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

With their high degree of openness, dependence on tourism, and proneness to natural disasters, the countries of the Eastern Caribbean Currency Union (ECCU) are unusually exposed to external shoc...

2 Stabilization, Debt, and Fiscal Policy in the Caribbean

2 Stabilization, Debt, and Fiscal Policy in the Caribbean »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

This chapter examines the macroeconomic performance of the Caribbean countries since the 1990s, with a special emphasis on their public debt accumulation. Most Caribbean countries have a high le...

6 The Eastern Caribbean Currency Union Banking System in a Time of Fiscal Challenge

6 The Eastern Caribbean Currency Union Banking System in a Time of Fiscal Challenge »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The small island economies of the Eastern Caribbean Currency Union (ECCU) have not fared well since the mid–1990s, having been hit by a number of external shocks including natural disasters, ero...

7 Natural Disasters and Their Macroeconomic Implications

7 Natural Disasters and Their Macroeconomic Implications »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

Windstorms, floods, droughts, and other potentially damaging natural events occur regularly across the world, but only on occasion do they lead to natural disasters. Whether an event will develo...

10 Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union

10 Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

Tax concessions—defined as preferential tax treatment for certain types of firms or entities—are commonplace in developed as well as developing countries. Concession...

12 Integration and Growth in the Eastern Caribbean

12 Integration and Growth in the Eastern Caribbean »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

This chapter explores the extent and effects of regional and international integration of the Eastern Caribbean Currency Union (ECCU) countries. 1...

9 Emigration and Brain Drain from the Caribbean

9 Emigration and Brain Drain from the Caribbean »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

While a vast amount of theoretical and empirical literature considers the impact of immigration on destination countries, little work has been done on emigration and...

1. Overview

1. Overview »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

The Caribbean islands have a distinct place in world history and culture that belies their small physical size. During the conquest of the Americas starting in the 17th century, the islands took...

3 Fiscal Policy: Is the Eastern Caribbean Currency Union a Free-Riding Paradise?

3 Fiscal Policy: Is the Eastern Caribbean Currency Union a Free-Riding Paradise? »

Source: The Caribbean : From Vulnerability to Sustained Growth

Series: Books

Author(s): David Robinson , Paul Cashin , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

ISBN: 9781589065147

Keywords: disasters, debt, disaster, public debt, tourism

Currency unions with fixed exchange rates can induce mutually conflicting fiscal incentives. On the one hand, fiscal overspending by one country can trigger a costly abandonment of the peg for the entire uni...