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ECCB Papers
Articles and Research Papers
Articles and Research Papers
ECCB Working Papers Series
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Articles (from 1999 to 2002 Annual Reports)

Results Of Business Outlook Survey January - June 2010

Results Of Business Outlook Survey July - December 2008

Results Of ECCU Credit Market Conditions Survey January To June 2008

The Relevance Of The Value Added Tax To ECCU Member Countries By Laurel Bain, Adviser, ECCB (2002)

The Internet Economy: Challenges And Opportunities For Caribbean Exports by Allister Mounsey (2002)

The Economic Outlook For The Eastern Caribbean Currency Union By Garth Nicholls (2001)

Sovereign Credit Ratings And The Government Securities Market In The ECCB Member Territories By John O. Venner (2000)

Constraints To The Growth And Development Of Tourism In The ECCB Member Territories By Louis E A Lewis (1999)

Research Papers
Bananas, The WTO and Adjustment Initiatives in the Eastern Caribbean Central Bank Area by Oral H Williams and Reginald Darius(1998)

The paper examines the socio-economic role of bananas in the countries comprising the unified currency area in the Eastern Caribbean. It discusses the viability of the industry in light of the recent WTO ruling that the banana regime contravened the WTO agreement in several aspects. The nature of the system of preferences for bananas is reviewed while the contribution of bananas to merchandise exports and real GDP, and its impact on land use are highlighted. The social dimensions of banana production are illustrated by its contribution to rural stability and informal sector activity. Finally, policy issues related to diversification, industry adjustment, social safety nets and competitiveness are reviewed. View Paper

The concept of a development bank arises out of the perceived need on the part of a particular society to provide mechanisms which facilitate economic development. It finds its rationale in the appeal to the concept of market failure on the part of existing financial institutions. However, a development bank, by financing projects which possess positive externalities, usually fulfills only one aspect of an overall strategy aimed at economic development. To be effective, it must form part of a wider development strategy. The development bank's goal should therefore be assisting with the implementation of certain aspects of the development strategy using the private sector as an avenue. The performance of the development banks in the ECCB area has been mixed. A number of factors have had an impact on their overall performance; among them are over-exposure to risks in the domestic economy, high transaction costs and a dearth of long term domestic finance and technical capacity. However, these factors do not justify the suspension, by the authorities, of this type of activity. On the contrary, because market failure is pervasive in the domestic financial arrangements, the state may need to be more entrepreneurial, by playing either a facilitatory or interventionist role. In this sense, therefore, the solution may be to find ways of improving the operations of the development banks. View Paper

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