Contents -- Foreword -- Acknowledgments -- About the Authors -- 1 Overview -- I FISCAL POLICY CHALLENGES -- 2 Stabilization, Debt, and Fiscal Policy in the Caribbean -- 3 Fiscal Policy: Is the Eastern Caribbean Currency Union a Free-Riding Paradise? -- II MACROECONOMIC CYCLES AND VOLATILITY -- 4 Key Features of Caribbean Business Cycles -- 5 Islands of Stability? Determinants of Macroeconomic Volatility in the Eastern Caribbean Currency Union -- III FINANCIAL SECTOR ISSUES -- 6 The Eastern Caribbean Currency Union Banking System in a Time of Fiscal Challenge -- IV ECONOMIC IMPLICATIONS OF NATURAL DISASTERS -- 7 Natural Disasters and Their Macroeconomic Implications -- 8 Government Responses to Natural Disasters in the Caribbean -- V MANAGING EXTERNAL FLOWS -- 9 Emigration and Brain Drain from the Caribbean -- 10 Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union -- VI TRADE INTEGRATION AND TOURISM DEVELOPMENTS -- 11 Eastern Caribbean Tourism: Developments and Outlook -- 12 Integration and Growth in the Eastern Caribbean.