Financial System Soundness in the Caribbean: An Initial Assessment
IMF Working Papers, August 1, 2001
Source details
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- Financial System Soundness in the Caribbean: An Initial Assessment
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Bibliographic details
- Authors: Desiree Cherebin, Rupert D Worrell, Tracy Polius
- Published: August 1, 2001
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451854619.001
Authors and Publication
- By Desiree Cherebin, Rupert D Worrell, Tracy Polius
- August 1, 2001
- Series: Working Paper No. 2001/123
- Issue: 123
- Volume: 2001
- Pages: 37
- DOI: https://doi.org/10.5089/9781451854619.001
- ISBN: 9781451854619
- ISSN: 1018-5941
- Stock No: WPIEA1232001
Executive Summary and Core Findings
- 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 study describes recent improvements in the regulatory framework.
- The assessment uses both intuitive and econometric methodologies to examine factors affecting financial system soundness.
- The assessment identified regulatory improvements that are needed, as well as additional data and analysis required to complete the assessment.
- The assessment revealed no new threats to the financial system.
Thematic Findings
- Banking dominance: Financial systems in the Caribbean are dominated by banks.
- Service availability: Financial services are widely available across surveyed countries.
- Crisis history: Jamaica is the sole country in the survey with a recorded financial crisis.
- Regulatory developments: Recent improvements in the regulatory framework are described (no further specifics provided in the summary).
- Threat assessment: No new threats to the financial system were identified in this initial assessment.
Methodology
- Approaches used: Both intuitive analysis and econometric methodologies were employed to examine factors affecting the soundness of the financial system.
- Data and analysis needs: The study identifies the need for additional data and further analysis to complete a comprehensive assessment.
Subject Areas and Keywords (as listed)
- Subjects: Banking, Commercial banks, Credit bureaus, Economic sectors, Financial institutions, Financial markets, Financial sector, Financial services, Insurance companies
- Keywords: bank assets, bank fragility, bank supervision harmonization effort, bank supervision practice, bank supervisor, banking sector, capital base, Caribbean, Commercial banks, Credit bureaus, development bank, financial activity, Financial sector, government bank, Insurance companies, intervened bank, liquid asset ratio, mortgage bank, supervision department, WP
Source: IMF Working Paper — "Financial System Soundness in the Caribbean: An Initial Assessment" (Working Paper No. 2001/123), August 1, 2001.
Content in this bundle
- Financial System Soundness in the Caribbean: An Initial Assessment - WP/01/123