Download This PaperEconomic Resilience with an Exchange Rate Peg The Barbados Experience, 1985-2000
24 Pages Posted: 3 Feb 2006
Date Written: August 2003
Abstract
This paper discusses the institutional arrangements for exchange rate targeting in Barbados and the critical role they played in the policy response to its balance of payments crisis of 1991-92. The framework featured ongoing cooperation between the central bank and the Ministry of Finance, and the use of a forecast model which highlighted the size of fiscal adjustment needed to secure foreign reserves adequate to maintain the exchange rate peg.
Keywords: Stabilization policy Exchange rate Caribbean
JEL Classification: E63 F31 E52
Suggested Citation: Suggested Citation
Worrell, DeLisle and Codrington, Harold and Craigwell, Roland and Greenidge, Kevin C.D., Economic Resilience with an Exchange Rate Peg
The Barbados Experience, 1985-2000 (August 2003). IMF Working Paper No. 03/168, Available at SSRN: https://ssrn.com/abstract=880204
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