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Interest Rate Spreads in the Eastern Caribbean
This paper examines interest rate spreads in the Eastern Caribbean and seeks to explain why they are persistently high by comparison with other low-inflation countries. The paper concludes that operating costs appear to be a key determinant of observed interest rate spreads, giving rise to the policy recommendation that efforts to expand the market size of efficient banks might help pave the way for greater efficiency.
The Eastern Caribbean Economic and Currency Union
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.
Balance of payments
None
Financial Institutions
Includes bibliographical references.
Economic Theory and Development Options for the Caribbean
"Citizen scholars of the Caribbean as well as noted international economists analyse the macroeconomic and broader development challenges facing developing countries today in this collection dedicated to the work of Sir William Arthur Lewis, Nobel Laureate and a pioneer of Development Economics. Originally developed as individual lectures in Lewis s honour and delivered over a ten-year period, they reflect the ethos of his approach to development and the utility of economics as a problem-solving discipline. The ultimate aim is to provide practical solutions to the problems of development. The contributors to this volume are: Rex Nettleford; Alister McIntyre; Norman Girvan; Lloyd Best; Kari Levitt; Marius St. Rose; Clive Thomas; Alan Blinder; Joseph Stiglitz; and Gerald Meier. There is a Foreword by Dr the Hon. Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines. Both the annual lectures and this landmark collection have been organized by the Eastern Caribbean Central Bank whose Governor, Sir K. Dwight Venner provides an insightful and comprehensive Introduction to the volume. "
