Author: David MarstonPublisher:
ISBN:
Category :
Languages : en
Pages : 22
Book Description
Financial sector in Jamaica during 1985-1992
Author: David MarstonFinancial Sector Reform in Jamaica During 1985-1992, Possible Lessons for the Caribbean
Author: Mr.Dewitt MarstonPublisher: International Monetary Fund
ISBN: 1451851367
Category : Business & Economics
Languages : en
Pages : 32
Book Description
This paper reviews the Jamaican experience with indirect instruments and contrasts this with the currency board type arrangements of the common currency area governed by the Eastern Caribbean Central Bank (ECCB). Reforms in Jamaica improved intermediation and banking efficiency, but a weak fiscal position and interest rate caps undermined the effectiveness of indirect instruments in attaining monetary control. The apparent stability amongst members of the currency union may mask fiscal pressures. In most Caribbean countries, problems of quasi-fiscal pressures on money supply, and disintermediation due to some regulation, are evident. Resolving these issues are necessary to facilitate the reforms being pursued.
Liquid Asset Ratios and Financial Sector Reform
Author: Ms.Anne Marie GuldePublisher: International Monetary Fund
ISBN: 1451856407
Category : Business & Economics
Languages : en
Pages : 63
Book Description
As a monetary, selective credit, and government debt-management instrument, a liquid asset ratio is generally inefficient and may introduce serious distortions. However, it may play a limited role as a prudential instrument, particularly in less sophisticated banking systems or in the context of currency board arrangements. Recent trends in the use of this instrument have been to either abolish it altogether or to design it so as to minimize distortions. When necessary, these changes have been part of a broader effort to make financial intermediation more efficient by relying more on markets and less on regulations.
Financial Sector Reform in Jamaica During 1895-1992
Author: David MarstonFinancial Sector Reform in Jamica During 1985-1992 Possible Lessons for the Caribbea
Author: David MarstonFinancial Sector Developments and Economic Performance in Jamaica (1985-1995)
Author: Ainsworth BarnesPublisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 66
Book Description
"Examines the impact of financial sector developments on the performance of the productive sectors of the Jamacian economy over the last decade."--Page 4.
Financial Sector Developments and Economic Performance
Author: Ainsworth BarnesPublisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 66
Book Description
"The main aim of this paper is to examine the impact of financial sector developments on the perfprmance of the productive sectors of the Jamaican economy economy over the last decade ..." Leaf 4.
Research Activities of the IMF, January 1991-December 1998
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557758606
Category : Business & Economics
Languages : en
Pages : 124
Book Description
A selective index of major research papers prepared by IMF staff in 1991-98.
IMF Staff papers, Volume 42 No. 4
Author: International Monetary Fund. Research Dept.Publisher: International Monetary Fund
ISBN: 1451930909
Category : Business & Economics
Languages : en
Pages : 224
Book Description
This paper describes early contributions of Staff Papers to international economics. The paper highlights that Staff Papers has, since its inception in 1950, been an important vehicle for the dissemination of research done by the IMF staff. This paper discusses three areas in which articles published in Staff Papers up until the 1970s made major contributions to the literature in international economics. The areas covered are: the absorption approach and the monetary theory of the balance of payments; the Mundell-Fleming model; and foreign trade modeling.
Bank-By-Bank Credit Ceilings
Author: Ms.Mitra FarahbakshPublisher: International Monetary Fund
ISBN: 1451848374
Category : Business & Economics
Languages : en
Pages : 32
Book Description
Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, and caused disintermediation. Despite the many distortions associated with the use of credit ceilings, some countries continue to employ them, particularly during the transitional period before full reliance on indirect monetary instruments. The paper argues that the careful attention to design can help reduce distortions typically associated with the use of credit ceilings. It identifies a series of principles that may be followed in designing a system that can minimize those distortions.