Jamaica: Selected Issues

May 1, 2006

Summary

This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its optimal debt structure. It also reviews the institutional framework for debt management in Jamaica, and presents a newly constructed dataset that documents Jamaica’s notable market access to long-maturity, fixed interest rate, and domestic currency bond placements.

Subject: Currencies, Exchange rates, Foreign exchange, Government debt management, Inflation, Money, Prices, Public debt, Public financial management (PFM)

Keywords: Africa, Caribbean, CR, Currencies, debt growth, debt-inflation link, debt-inflation relationship, debt-inflation trap, Eastern Europe, Europe, exchange rate, Exchange rates, foreign currency, Global, Government debt management, Inflation, inflation expectation, investment prospect, ISCR, Middle East, North America, optimal portfolio

Pages:
88
Volume:
2006
DOI:
https://doi.org/10.5089/9781451820171.002
Issue:
157
Series:
Country Report No. 2006/157
Stock No:
1JAMEA2006002
ISBN:
9781451820171
ISSN:
1934-7685

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