The Eastern Caribbean Economic and Currency Union

The Eastern Caribbean Economic and Currency Union PDF Author: Mr.Alfred Schipke
Publisher: International Monetary Fund
ISBN: 1616352655
Category : Business & Economics
Languages : en
Pages : 546

Get Book Here

Book Description
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.

The Eastern Caribbean Economic and Currency Union

The Eastern Caribbean Economic and Currency Union PDF Author: Mr.Alfred Schipke
Publisher: International Monetary Fund
ISBN: 1616352655
Category : Business & Economics
Languages : en
Pages : 546

Get Book Here

Book Description
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.

Dominica: 2008 Article IV Consultation Staff Report; Staff Supplement; Staff Statement and Public Information Notice on the Executive Board Discussion

Dominica: 2008 Article IV Consultation Staff Report; Staff Supplement; Staff Statement and Public Information Notice on the Executive Board Discussion PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451810997
Category : Business & Economics
Languages : en
Pages : 60

Get Book Here

Book Description
The 2008 Article IV Consultation with Dominica discusses external competitiveness and key policy issues. The real effective exchange rate is broadly in line with macroeconomic fundamentals. Fiscal policy is appropriately focused on reducing high public debt. Plans for developing the tourist sector, including improving air access and roads to tourist attractions, are well advanced and should be financed with a view maintaining the sustainability of public debt. The authorities rightly emphasize improving the business climate, strengthening regulation and supervision of the financial sector, and improving disaster preparedness.

Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal

Background Papers on The IMF and the Crises in Greece, Ireland, and Portugal PDF Author: Moisés J. Schwartz
Publisher: International Monetary Fund
ISBN: 148430666X
Category : Business & Economics
Languages : en
Pages : 474

Get Book Here

Book Description
This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of “the IMF and the crises in Greece, Ireland, and Portugal.” It presents an authoritative work on the evolving relationship between the IMF and the euro area, a common currency area founded in 1999 consisting of advanced, highly integrated economies in Europe. The euro area, or any common currency area for that matter, has posed challenges to the IMF’s operational activities as its Articles of Agreement contain no provision for joint membership. The challenges became intense when a series of crises erupted in Greece, Ireland, and Portugal from 2009 to 2011, and the Fund was called upon to help intervene by offering its financing and crisis management expertise. The IMF found itself in uncharted territory where there was no precedent or established procedure. The chapters, many of which are prepared by prominent academics and former senior IMF officials who are thoroughly familiar with internal procedures, discuss various aspects of the IMF’s engagement with the euro area, including precrisis surveillance, how key decisions were made, how the IMF collaborated with European institutions, and how it designed and implemented its lending programs with the three crisis countries. The book gives prominence to governance-related issues, given the large voting share (of more than 20 percent) within the IMF of euro area members and the subsequent public perception that the IMF treated the euro area more favorably than it does developing and emerging market members. The approaches are both cross-cutting and country-based. Some chapters deal with issues related to the euro area as a whole, while others focus on how the Fund engaged with individual euro area countries. The book contains a statement on the IEO evaluation by the IMF Managing Director and a Summing Up of the Executive Board discussion held in July 2016.

St. Vincent and the Grenadines

St. Vincent and the Grenadines PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451840004
Category : Business & Economics
Languages : en
Pages : 59

Get Book Here

Book Description
Despite the impact of Hurricane Ivan, the economic activity of St. Vincent and the Grenadines has strengthened. Executive Directors welcomed the developments and the tax policy aimed to broaden the tax base and reduce concessions. They appreciated the home-grown Interim Poverty Reduction Strategy Paper aimed for reducing poverty. They urged to strengthen financial sector supervision and advised to seek greater regional cooperation. They also emphasized the need to accelerate growth, structural reforms, and reduce poverty, while restoring fiscal and external viability and reducing the debt.

Resolving the European Debt Crisis

Resolving the European Debt Crisis PDF Author: William R. Cline
Publisher: Peterson Institute
ISBN: 0881326496
Category : Business & Economics
Languages : en
Pages : 305

Get Book Here

Book Description
What began as a relatively localized crisis in Greece in early 2010 soon escalated to envelop Ireland and Portugal. By the second half of 2011, the contagion had spread to the far larger economies of Italy and Spain. In mid-September the Peterson Institute and Bruegel hosted a conference designed to contribute to the formulation of policies that could help resolve the euro area debt crisis. This volume presents the conference papers; several are updated through end-2011. European experts examine the political context in Greece (Loukas Tsoukalis), Ireland (Alan Ahearne), Portugal (Pedro Lourtie), Spain (Guillermo de la Dehesa), Italy (Riccardo Perissich), Germany (Daniela Schwarzer), and France (Zaki La�di). Lessons from past debt restructurings are then examined by Jeromin Zettelmeyer (economic) and Lee Buchheit (legal). The two editors separately consider the main current policy issues: debt sustainability by country, private sector involvement and contagion, alternative restructuring approaches, how to assemble a large emergency financing capacity, whether the European Central Bank (ECB) should be a lender of last resort, whether joint-liability "eurobonds" would be feasible and desirable, and the implications of a possible break-up of the euro area. The luncheon address by George Soros and a description (by Steven R. Weisman with Silvia B. Merler) of the policy simulation game played on the second day of the conference complete the volume. Involving market participants and experts representing the roles of euro area governments, the ECB, IMF, G-7, and credit rating agencies, the game led to a proposal for leveraging the capacity of the European Financial Stability Facility through arrangements with the ECB.

International Monetary Fund Annual Report 2005

International Monetary Fund Annual Report 2005 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589064267
Category : Business & Economics
Languages : en
Pages : 236

Get Book Here

Book Description
The Annual Report 2005 to the Board of Governors reviews the IMF's activities and policies during the financial year (May 1, 2004, through April 30, 2005). The main sections cover country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund's role in low-income countries; financial operations and policies; technical assistance and training; governance and management of the IMF; and cooperation, communication and outreach. Besides the full financial statements for the year, appendixes cover international reserves, financial operations and transactions, principal policy decisions, relations with other international organizations, press communiqués of advisory committees, Executive Directors and their voting power, and changes in the Executive Board's membership.

Trade and Globalization

Trade and Globalization PDF Author: David A. Lynch
Publisher: Rowman & Littlefield Publishers
ISBN: 0742566900
Category : Political Science
Languages : en
Pages : 348

Get Book Here

Book Description
Regional trade agreements (RTAs) are not new, but their complexity and importance in global economics and politics has grown exponentially in the past two decades. Tackling this daunting proliferation head on, this book provides a much-needed guide to RTAs. Setting current regional agreements in their economic, political, and historical context, David A. Lynch describes and compares every significant RTA, region by region. He clearly explains their intricate inner workings, their webs of collaboration and conflict, and their primary goals and effectiveness. Lynch's deeply knowledgeable study bridges the ideological divides in scholarly and public debate, including economists' emphases on markets and efficiency versus antiglobalization activists' concerns over inequality and social ills. By building a middle ground between micro and macro analysis and clarifying technical terminology, this concise and accessible book will be an invaluable reference for all readers.

Annual Report of the Executive Directors for the Fiscal Year

Annual Report of the Executive Directors for the Fiscal Year PDF Author: International Monetary Fund
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 236

Get Book Here

Book Description


St. Vincent and the Grenadines, Staff Report for the ... Article IV Consultation

St. Vincent and the Grenadines, Staff Report for the ... Article IV Consultation PDF Author:
Publisher:
ISBN:
Category : Saint Vincent and the Grenadines
Languages : en
Pages : 64

Get Book Here

Book Description


The Grenada Revolution

The Grenada Revolution PDF Author: Wendy C. Grenade
Publisher: Univ. Press of Mississippi
ISBN: 1626743452
Category : History
Languages : en
Pages : 395

Get Book Here

Book Description
Grenada experienced much turmoil in the 1970s and 1980s, culminating in an armed Marxist revolution, a bloody military coup, and finally in 1983 Operation Urgent Fury, a United States-led invasion. Wendy C. Grenade combines various perspectives to tell a Caribbean story about this revolution, weaving together historical accounts of slain Prime Minister Maurice Bishop, the New Jewel Leftist Movement, and contemporary analysis. There is much controversy. Though the Organization of American States formally requested intervention from President Ronald Reagan, world media coverage was largely negative and skeptical, if not baffled, by the action, which resulted in a rapid defeat and the deposition of the Revolutionary Military Council. By examining the possibilities and contradictions of the Grenada Revolution, the contributors draw upon thirty years' of hindsight to illuminate a crucial period of the Cold War. Beyond geopolitics, the book interrogates but transcends the nuances and peculiarities of Grenada's political history to situate this revolution in its larger Caribbean and global context. In doing so, contributors seek to unsettle old debates while providing fresh understandings about a critical period in the Caribbean's postcolonial experience. This collection throws into sharp focus the centrality of the Grenada Revolution, offering a timely contribution to Caribbean scholarship and to wider understanding of politics in small developing, postcolonial societies.