TY  - BOOK
AU  - Selvon,Hazel
AU  - Polius,Tracy
AU  - Selvon,Hazel
AU  - Williams,Oral
TI  - Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone: A Comparative Analysis 
T2  - IMF Working Papers; Working Paper
SN  - 1451852762 :
SN  - 1018-5941
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - CFA Franc Zone
KW  - Econometric and Statistical Methods: General
KW  - Financial Aspects of Economic Integration
KW  - Monetary Authority
KW  - Monetary Union
KW  - Antigua and Barbuda
KW  - Cameroon
KW  - Central African Republic
KW  - Saint Vincent and the Grenadines
N2  - The paper presents a comparison of the gains from the pooling of reserves, and hence reserve variability, in the Eastern Caribbean Currency Union (ECCU) and the CFA franc zone. The results indicate that countries within the ECCU area have achieved greater balance of payments protection than the CFA zone countries from the pooling of reserves. Unanticipated changes in the terms of trade lowered reserves in the CFA relative to the ECCU, which may reflect a greater reliance on primary commodities in the CFA compared with services in the ECCU
UR  - http://elibrary.imf.org/view/IMF001/05959-9781451852769/05959-9781451852769/05959-9781451852769.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451852769
ER  -