Financial System Soundness in the Caribbean: An Initial Assessment

37 Pages Posted: 1 Feb 2006

See all articles by DeLisle Worrell

DeLisle Worrell

Central Bank of Barbados; Retired

Desiree Cherebin

affiliation not provided to SSRN

Tracy Polius-Mounsey

affiliation not provided to SSRN

Date Written: August 2001

Abstract

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.

Keywords: Financial sector, Caribbean

JEL Classification: G21, G28, G20

Suggested Citation

Worrell, DeLisle and Cherebin, Desiree and Polius-Mounsey, Tracy, Financial System Soundness in the Caribbean: An Initial Assessment (August 2001). IMF Working Paper No. 01/123, Available at SSRN: https://ssrn.com/abstract=879880

DeLisle Worrell (Contact Author)

Central Bank of Barbados ( email )

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HOME PAGE: http://www.DeLisleWorrell.com

Retired ( email )

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Desiree Cherebin

affiliation not provided to SSRN

No Address Available

Tracy Polius-Mounsey

affiliation not provided to SSRN

No Address Available