THE IMPACT of FINANCIAL SERVICES GLOBALIZATION UPON the CARIBBEAN COMMON MARKET

Autor:	Dennis J. Gayle
Rok vydání:	2002
Předmět:	Public Administration Liberalization business.industry Economic policy Geography Planning and Development Developing country Single market International economics Management Monitoring Policy and Law Fiscal policy Globalization Economics business Foreign exchange market Financial services Pace
Zdroj:	Review of Policy Research. 19:107-127
ISSN:	1541-1338 1541-132X
Popis:	This article tests three hypotheses concerning the policy effects of foreign exchange market liberalization and exchange controls in the three Caribbean Common Market countries of Jamaica, Trinidad & Tobago, and Barbados during the 1990s. It concludes that these cases do not show either monetary or fiscal policy to be particularly effective, when foreign exchange markets are liberalized before a functional bank regulatory system is put in place. These cases also imply that given the challenges posed by financial services globalization, the need for informed judgment by governments regarding the pace and scope of financial sector liberalization will remain critical, particularly within small developing countries.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7333550f193f9bc61c4ee2c0e6dfc63e https://doi.org/10.1111/j.1541-1338.2002.tb00231.x Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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