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May 01,2009
- Kari H. I. Grenade and Garfield Riley
This paper seeks to identify possible causes and the extent of any misalignment in the real effective exchange rate (REER) in the ECCU over the 1990 to 2007 period. The study employs the standard behavioural exchange rate approach to modelling exchange rate equilibrium.
Aug 31,2007
- Kari H. I. Grenade and Winston Moore
This paper empirically tests this theory by investigating the sensitivity of interest rates in the Eastern Caribbean Currency Union (ECCU) to changes in the US rates. The empirical results show long –run convergence between the two rates, indicating that interest rate parity holds for all countries in the ECCU.
Aug 01,2007
- Emefa Sewordor, Leah Sahely, and Rosbert Humphrey
This paper develops an alternative approach to forecasting demand for banknotes that captures the effect of the Cricket World Cup 2007, to inform the Currency Management Department’s ordering decision for the three-year period January 2007 to December 2009.
Mar 01,2007
- Kari H. I. Grenade
This study employs panel data techniques to measure the relevance of micro and macro factors in determining commercial banks’ interest rate spreads over the period 1993-2003. The results indicate that the observed spreads can be attributed to the high level of market concentration, high operating costs and non- performing loans and the central bank’s regulated savings deposit rate.
