Jamaica: Selected Issues
February 18, 1999
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This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the privatization of banks. The paper highlights that banks that had been acquired by the government in the 1970s were sold back to the private sector. This paper also reviews developments in monetary policy in Jamaica, and the role of the public sector.
Subject: Bank deposits, Banking, Central banks, Commercial banks, Currencies, Economic sectors, Financial institutions, Monetary policy, Money, Open market operations, Public sector, Reserve requirements
Keywords: capital base, Caribbean, central bank, Commercial banks, CR, Currencies, exchange rate, financial system, fiscal year, foreign currency, ISCR, monetary policy, Open market operations, private sector, Public sector, Reserve requirements
Pages:
112
Volume:
1999
DOI:
Issue:
002
Series:
Country Report No. 1999/002
Stock No:
1JAMEA0011999
ISBN:
9781451820065
ISSN:
1934-7685
