The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

ECCU Business Cycles: Impact of the U.S.

ECCU Business Cycles: Impact of the U.S. by Yan Sun
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
With a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the impact of the United States on ECCU business cycles and identifies possible transmission channels. Using two different approaches (the common trends and common cycles approach of Vahid and Engle (1993) and the standard VAR analysis), it finds that the ECCU economies are very sensitive to both temporary and permanent movements in the U.S. economy and that such linkages have strengthened over time. There is, however, less clear-cut evidence on the transmission channels. United States monetary policy does not appear to be an important channel of influence, while tourism is important for only one ECCU country.
International Monetary Fund; April 2009
23 pages; ISBN 9781452737966
Read online, or download in secure EPUB or secure PDF format
Title: ECCU Business Cycles: Impact of the U.S.
Author: Yan Sun; Wendell A. Samuel