Abstract
The International Monetary Fund classifies the Eastern Caribbean Central Bank – representing Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Anguilla – as a currency board, but analysis of balance sheet data and monthly financial statements shows that that is probably not the case. The ECCB is at most an extremely unorthodox currency board, and it is now likely nothing more than a central bank, although, according to several statistical tests, until 2008 it behaved more like a currency board.
Keywords. Currency board; Eastern Caribbean Central Bank.
JEL. A10; E58; N16.
References
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