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A quantitative study of the economie...

Fenton, Hensey A.

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A quantitative study of the economies of the CARICOM countries to determine homogeneity and optimum currency area feasibility.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	A quantitative study of the economies of the CARICOM countries to determine homogeneity and optimum currency area feasibility./
作者:	Fenton, Hensey A.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
面頁冊數:	156 p.
附註:	Source: Dissertation Abstracts International, Volume: 78-08(E), Section: A.
Contained By:	Dissertation Abstracts International78-08A(E).
標題:	Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10257802
ISBN:	9781369614619

A quantitative study of the economies of the CARICOM countries to determine homogeneity and optimum currency area feasibility.
Fenton, Hensey A.

A quantitative study of the economies of the CARICOM countries to determine homogeneity and optimum currency area feasibility. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 156 p.

Source: Dissertation Abstracts International, Volume: 78-08(E), Section: A.

Thesis (Ph.D.)--Capella University, 2017.

The members of the Caribbean Community (CARICOM) ratified an agreement to establish the CARICOM single market and economy (CSME) in 2006 and therein adopted a single currency for the region with an expected implementation of a Caribbean monetary union by 2008 (CARICOM, 2011). Early studies of the CARICOM economies indicated that the region failed to meet the OCA criteria and caused members to extend the deadline for implementation to 2015, a deadline that was never met. However, a subsequent study by Cuestas and Ramlogan-Dobson (2013) of the heterogeneity of inflation rates among the several CARICOM countries found a high degree of homogeneity and a converging macroeconomic indicator. This study extended the work of Cuestas and Ramlogan-Dobson (2013) by analyzing the GDP growth rate and the foreign exchange reserves ratio of twelve CARICOM countries to determine homogeneity of their economies. The study investigated the viability of a monetary union for CARICOM by examining the homogeneity of the economies based on a criterion of the optimum currency area (OCA) theory: GDP growth rate and a CARICOM single market and economy (CSME) convergence criterion: foreign exchange reserves ratio. The study structured a quantitative analysis utilizing the SPSS statistical software to conduct a MANOVA statistical procedure to analyze twenty-five years of GDP growth rate and foreign exchange reserve ratio data as dependent variables and the twelve CARICOM countries as the independent variable. The study followed the MANOVA with a Discriminant Function Analysis that produced classifications of the countries to compare with the homogeneous sets created by the MANOVA. In addition, the study conducted a MANOVA on the first twelve-years of the data to compare the results against those of the full twenty-five years to determine if there was convergence of the economies. The results indicated that the GDP growth rate of the CARICOM countries were homogeneous and that foreign exchange reserve ratio of the CARICOM countries were converging. These results lend support for the viability of a monetary union for the CARICOM countries.

ISBN: 9781369614619Subjects--Topical Terms:

542899
Finance.

A quantitative study of the economies of the CARICOM countries to determine homogeneity and optimum currency area feasibility.
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