Financial Sector Reform, Financial Development and Economic Growth in the Caribbean

Financial Sector Reform, Financial Development and Economic Growth in the Caribbean PDF Author: Stephney Diana Skeete
Publisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 170

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Book Description

Financial Sector Reform, Financial Development and Economic Growth in the Caribbean

Financial Sector Reform, Financial Development and Economic Growth in the Caribbean PDF Author: Stephney Diana Skeete
Publisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 170

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Book Description


Financial Interconnectedness and Financial Sector Reforms in the Caribbean

Financial Interconnectedness and Financial Sector Reforms in the Caribbean PDF Author: Ms.Sumiko Ogawa
Publisher: International Monetary Fund
ISBN: 1475570821
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks.

Advancing Financial Development in Latin America and the Caribbean

Advancing Financial Development in Latin America and the Caribbean PDF Author: Dyna Heng
Publisher: International Monetary Fund
ISBN: 1484326814
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the region compares favorably with other emerging market regions on this dimension. The region, however, continues to lag behind peers on broader financial development, especially with respect to markets, though there is substantial heterogeneity across countries. Financial systems in many LAC countries are also underdeveloped relative to their macroeconomic fundamentals. Further financial development could convey net benefits to the region, provided there is adequate regulatory oversight to prevent excesses.

Financial Development and Inclusion in the Caribbean

Financial Development and Inclusion in the Caribbean PDF Author: Chuan Li
Publisher: International Monetary Fund
ISBN: 1484347749
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country’s own macroeconomic fundamentals. SMEs, in particular, remain severely credit constrained, and data to inform better analysis remains scarce. Using available data, this paper takes stock of the current state of financial development and inclusion in the Caribbean region and, based on a quantitative general equilibrium model, examines potential trade-offs between growth, inequality, and financial stability—all critical considerations when policies are designed. A case study for Jamaica is examined in detail.

Policy-based Finance and Market Alternatives

Policy-based Finance and Market Alternatives PDF Author: Kim B. Staking
Publisher: IDB
ISBN: 9781886938236
Category : Business & Economics
Languages : en
Pages : 200

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Book Description


Financial Development in Latin America and the Caribbean

Financial Development in Latin America and the Caribbean PDF Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821388479
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
The financial systems of Latin America and the Caribbean (LAC) have been widely resilient to the global financial crisis, which reflects strong progress in both macroeconomic management and prudential oversight. However, the current juncture provides a unique tapestry upon which this book examines several key questions and challenges looking forward. Does LAC continue to underperform on some key financial development indicators and, if so, why? How can LAC's financial systems contribute more effectively to the region's welfare and growth? How can LAC secure the benefits of deepening financial development while avoiding the fault lines that recently burst to the surface in other parts of the world?

The Long March

The Long March PDF Author: Shahid Javed Burki
Publisher: World Bank Publications
ISBN: 9780821339855
Category : Business & Economics
Languages : en
Pages : 136

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Book Description
"Detailed discussion of reforms necessary to accelerate economic growth and reduce poverty in the region. Reforms include equity market development, civil service reform, in health and education investment, labor market liberalization, and greater trade openness"--Handbook of Latin American Studies, v. 57.

The Caribbean

The Caribbean PDF Author: Mr.Sanjaya P Panth
Publisher: International Monetary Fund
ISBN: 1589067932
Category : Business & Economics
Languages : en
Pages : 143

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Book Description
The Caribbean has made substantial progress in recent years in implementing economic reforms, both at the national and regional level. The Caribbean: Enhancing Economic Integration examines the product of the efforts made by Caribbean policymakers to strengthen regional cooperation and integration, which has yielded economic transformation and tighter integration with the global economy. This volume discusses regional financial integration as a means of deepening financial systems and raising regional growth; the relationship between tax incentives and investment, where harmonized regional action is important in seeking to overcome collective actions problems; and the consequences for the Caribbean of the erosion of trade preferences in key export markets. The book is based on empirical research carried out as part of the IMF's regional surveillance work in the Caribbean.

Economic Reform and Progress in Latin America and the Caribbean

Economic Reform and Progress in Latin America and the Caribbean PDF Author: Norman Loayza
Publisher: World Bank Publications
ISBN:
Category : Administracion publica - America Latina
Languages : en
Pages : 111

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Book Description


Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC)

Global Financial Regulatory Reform: Implications for Latin America and the Caribbean (LAC) PDF Author: Robert Rennhack
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781462378791
Category :
Languages : en
Pages : 42

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Book Description
The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region's financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.