Financial System Soundness in the Caribbean : An Initial Assessment

Author/Editor:

Desiree Cherebin ; Rupert D Worrell ; Tracy Polius

Publication Date:

August 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

A survey of the financial systems of Caribbean countries reveals systems dominated by banks, with services widely available. Jamaica is the only country to have experienced a financial crisis. The paper describes recent improvements in the regulatory framework, and examines factors, which affect the soundness of the financial system, using both intuitive and econometric methodologies. The study identifies regulatory improvements that are needed, as well as additional data and analysis required to complete the assessment, which revealed no new threats to the financial system.

Series:

Working Paper No. 01/123

Subject:

English

Publication Date:

August 1, 2001

ISBN/ISSN:

9781451854619/1018-5941

Stock No:

WPIEA1232001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

37

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