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Financial System Soundness in the Caribbean: An Initial Assessment

Author/Editor: Worrell, DeLisle | Cherebin, Desiree | Polius, Tracy
Authorized for Distribution: August 1, 2001
Electronic Access: Free Full Text (PDF file size is 1,275KB)
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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(s): Financial systems | Caribbean | Aruba | Netherlands Antilles | Dominican Republic | Antigua and Barbuda | Bahamas, The | Barbados | Belize | Dominica | Grenada | Haiti | Jamaica | St. Kitts and Nevis | St. Lucia | St. Vincent and the Grenadines | Suriname | Trinidad and Tobago | Saint Lucia | Guyana | Saint Vincent and the Grenadines | Saint Kitts and Nevis
Author's keyword(s): Financial sector | Caribbean
 
English  
    Published:   August 1, 2001        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1232001   Pages:   38
    Price:   US$15.00
       
     
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