 | Optimal Reserves in the Eastern Caribbean Currency Union Author/Editor: Wendell A. Samuel, Emilio Pineda, Mario Dehesa. Release Date:April, 2009 Recent turbulence in global and Caribbean regional financial markets underscore the importance of reassessing the adequacy of international reserves held by the Eastern Caribbean Central Bank (ECCB). more...
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| The Eastern Caribbean Central Bank : Challenges to an Effective Lender of Last Resort Author/Editor: Pablo Druck, Mario Dehesa. Release Date:September, 2008 The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main more...
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| Relative Price Stability, Creditor Rights, and Financial Deepening Author/Editor: Pablo Druck, Alexander Plekhanov, Mario Dehesa. Release Date:June, 2007 The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor more...
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