Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union

Released on by Phebby Kufa
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  • Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union Book Detail

  • Author : Phebby Kufa
  • Release Date : 2003-08-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 36
  • ISBN 13 : 1451857896
  • File Size : 9,9 MB
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Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union by Phebby Kufa PDF Summary

Book Description: The fiscal position of the Eastern Caribbean Currency Union (ECCU) has deteriorated significantly in recent years, resulting in sharp increases in public debt. The sustainability of public debt is examined using the public sector budget constraint to derive the maximum public-debt-to-GDP ratio that can be sustained based on a country's projected steady-state primary balance, interest rate on public debt, and economic growth rate. In this context, government deficits and debt in several ECCU member countries appear unsustainable, posing a risk to the stability of the currency union. A critical issue facing member countries is to implement fiscal policies consistent with sustainable public finances and debt to underpin the currency union.

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Eastern Caribbean Currency Union

Eastern Caribbean Currency Union

File Size : 9,9 MB
Total View : 543 Views
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This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND

Eastern Caribbean Currency Union

Eastern Caribbean Currency Union

File Size : 84,84 MB
Total View : 404 Views
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This 2018 discussion on common policies of the Eastern Caribbean Currency Union (ECCU) highlights that the member countries are gradually recovering following t