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Author : Karl Bennett
Publisher : Unknown
Page : 24 pages
File Size : 54,7 Mb
Release : 1991
Category : Currency question
ISBN : UIUC:30112081697861
Author : Abdullah Al-Hassan,Mary E. Burfisher,Mr.Julian T Chow,Ding Ding,Fabio Di Vittorio,Dmitriy Kovtun,Arnold McIntyre,Ms.Inci Ötker,Marika Santoro,Lulu Shui,Karim Youssef
Publisher : International Monetary Fund
Page : 79 pages
File Size : 49,8 Mb
Release : 2020-01-17
Category : Business & Economics
ISBN : 9781513525860
Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the Caribbean Community (CARICOM) and the decision to create the Caribbean Single Market and Economy (CSME). Implementation of integration initiatives has, however, been slow, despite the stated commitment of political leaders. The “implementation deficit” has led to skepticism about completing the CSME and controversy regarding its benefits. This paper analyzes how Caribbean integration has evolved, discusses the obstacles to progress, and explores the potential benefits from greater integration. It argues that further economic integration through liberalization of trade and labor mobility can generate significant macroeconomic benefits, but slow progress in completing the institutional arrangements has hindered implementation of the essential components of the CSME and progress in economic integration. Advancing institutional integration through harmonization and rationalization of key institutions and processes can reduce the fixed costs of institutions, providing the needed scale and boost to regional integration. Greater cooperation in several functional policy areas where the region is facing common challenges can also provide low-hanging fruit, creating momentum toward full integration as the Community continues to address the obstacles to full economic integration.
Author : Mr.Sanjaya P Panth,Mr.Paul Cashin,Mr.W. A Bauer
Publisher : International Monetary Fund
Page : 143 pages
File Size : 51,9 Mb
Release : 2008-10-09
Category : Business & Economics
ISBN : 9781589067936
The Caribbean has made substantial progress in recent years in implementing economic reforms, both at the national and regional level. The Caribbean: Enhancing Economic Integration examines the product of the efforts made by Caribbean policymakers to strengthen regional cooperation and integration, which has yielded economic transformation and tighter integration with the global economy. This volume discusses regional financial integration as a means of deepening financial systems and raising regional growth; the relationship between tax incentives and investment, where harmonized regional action is important in seeking to overcome collective actions problems; and the consequences for the Caribbean of the erosion of trade preferences in key export markets. The book is based on empirical research carried out as part of the IMF's regional surveillance work in the Caribbean.
Author : Kenneth O. Hall,Myrtle Chuck-A-Sang
Publisher : Ian Randle Publishers
Page : 276 pages
File Size : 44,9 Mb
Release : 2007
Category : CARICOM-Staaten
ISBN : 9789766373252
"The CARICOM Single Market and Economy (CSME) has for years been touted as the most critical pillar in Caribbean regional integration. Yet, for years, the implementation of the CSME stalled due to the absence of a common view as to its feasibility, the speed of its implementation, the institutional capacity, programming for public education and ultimately, its benefits. In this work, a special edition of the Integrationist, and put together by the UWI-CARICOM project, the CSME is explained in all its dimensions. The contents cover the background to the establishment of the CSME and perspectives on its implementation. The main provisions and expected benefits of the Single Market are also presented along with the strategic framework and efforts at resource mobilisation to make the CSME a reality. The importance of the Caribbean Court of Justice to the effective functioning of the CSME is also outlined. The book concludes with a call to the member states for a unity in both understanding and action in the pursuit of integration, not as choice, but rather as necessity. The work is complemented by the inclusion of several appendices notably the original 1989 Grand Anse Declaration, the 2005 PetroCaribe Agreement as well as an indicative plan of action by priorities and an outline of major technical assistance resource gaps. "
Author : Terrence W. Farrell,DeLisle Worrell
Publisher : Caribbean Information Systems & Services
Page : 294 pages
File Size : 47,6 Mb
Release : 1994
Category : Caribbean Area
ISBN : UTEXAS:059173001800481
Author : Raphael A. Espinoza,Goohoon Kwon
Publisher : International Monetary Fund
Page : 38 pages
File Size : 43,5 Mb
Release : 2009-07
Category : Business & Economics
ISBN : IND:30000111481770
This paper assesses the extent of regional financial integration in the Caribbean Community (CARICOM) by analyzing equity prices in the region and rigidity of external financing constraints. The results are presented in a cross-regional perspective. The Caribbean stock markets are not as well integrated as one would expect from the extent of cross-listing and importance of regional banking groups: price differentials of cross-listed stocks reach an average of 5 percent. Auto-Regressive models suggest that these price differentials are only slowly arbitraged away, with half-lives exceeding 7 worked days, even when looking only at large arbitrage opportunities (using a Threshold Auto-Regressive model). A speculative methodology using macroeconomic data seems to confirm these findings. A strong mean reversion of the current account (respectively regional trade imbalances) is interpreted, following Obstfeld and Taylor (2004), as a lack of ways to finance current account deficits, i.e. a lack of global (respectively regional) financial integration. The region appears to be much less integrated than the EU15 or the ASEAN+3 groups, although it fares well compared to other LDCs.
Author : Anthony Peter Gonzales
Publisher : BID-INTAL
Page : 89 pages
File Size : 50,6 Mb
Release : 2002
Category : Caribbean Area
ISBN : 9789507381317
Author : Kenneth O. Hall,Myrtle Chuck-A-Sang
Publisher : Ian Randle Publishers
Page : 556 pages
File Size : 52,9 Mb
Release : 2007
Category : Caribbean Community
ISBN : 9789766373245
Author : Mr.Chandima Mendis,Mr.Philippe Egoume Bossogo
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 50,9 Mb
Release : 2002-09-01
Category : Business & Economics
ISBN : 1451856830
This paper analyzes trade in the Caribbean community (CARICOM) using a gravity model framework. The paper seeks to shed light on the dynamics of trade among CARICOM member countries, as well with the rest of world over 1980–99. Overall, the results show that intra-CARICOM trade has increased, suggesting that further regional integration is desirable. At the same time, CARICOM’s trade with the rest of the world has risen as well, fueled notably by the reduction of the arrangement’s common external tariff and despite the negative impact of the declining preferential access to EU markets for banana. In contrast, WTO membership does not appear to have had a positive impact on trade. Overall, it appears that trade liberalization is consistent with greater CARICOM trade integration.
Author : William G. Demas
Publisher : Unknown
Page : 176 pages
File Size : 45,6 Mb
Release : 1976
Category : Caribbean Area
ISBN : UTEXAS:059173024202128
Monograph of articles on economic integration and economic development in the Caribbean - discusses topics such as price policy, employment policy, the role of multinational enterprise, the integration of financial markets, central banking, the CARICOM common market, the new Caribbean university, etc. References.
Author : A. M. El-Agraa
Publisher : New York : St. Martin's Press
Page : 318 pages
File Size : 46,9 Mb
Release : 1982
Category : International economic integration
ISBN : UCAL:B4273395
Author : Patsy Lewis,Terri-Ann P. Gilbert-Roberts,Jessica Byron
Publisher : Routledge
Page : 0 pages
File Size : 40,9 Mb
Release : 2018
Category : Caribbean Area
ISBN : 1138056715
This edited collection represents a timely reflection on CARICOM's performance across a wide range of fields of engagement in both the economic and functional realms.
Author : Anneke Jessen
Publisher : BID-INTAL
Page : 104 pages
File Size : 41,5 Mb
Release : 1999
Category : Caribbean Area
ISBN : 9789507380808
Author : Stephanie Fullerton-Cooper,Erica Gordon,Livingston Smith
Publisher : Cambridge Scholars Publishing
Page : 420 pages
File Size : 44,7 Mb
Release : 2017-06-23
Category : Social Science
ISBN : 9781443873673
This collection is a critical reflection of the evolution of Caribbean countries since the demise of the West Indies Federation in 1962. At this historical juncture, some territories opted for independence while others remained dependent territories. The volume examines Caribbean societies in comparative and general ways, covering aspects of their ongoing development and challenges. It covers such areas as Caribbean integration, the state of human capital and social policy in the region, the education sector, Caribbean economic sustainability, and, significantly, the physical environment of the Caribbean. A central question has always been: should these territories have gone independent or stayed under some British tutelage? The book addresses this question, illustrating that these island states have made considerable progress, especially in the maintenance and deepening of democratic practices.
Author : IBP, Inc
Publisher : Lulu.com
Page : 286 pages
File Size : 48,9 Mb
Release : 2009-03-30
Category : Business & Economics
ISBN : 9781438742809
Secretariat for Central American Economic Integration (SIECA) Handbook