Caribbean approaches to economic stabilization /

Caribbean approaches to economic stabilization /

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Bibliographic Details
Author / Creator:	Hilaire, Alvin (Alvin David Louis), author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, 2000. ©2000
Description:	1 online resource (32 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/00/73 IMF working paper ; WP/00/73.
Subject:	Structural adjustment (Economic policy) -- Caribbean Area. Economic stabilization -- Caribbean Area. Fiscal policy -- Caribbean Area. Monetary policy -- Caribbean Area. Foreign exchange -- Caribbean Area. Commerce. Economic stabilization. Fiscal policy. Foreign exchange. Monetary policy. Structural adjustment (Economic policy) Caribbean Area -- Commerce. Caribbean Area.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497410

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN:	1451895909 9781451895902 1281600733 9781281600738 1462304583 9781462304585 1452760357 9781452760353 9786613781420 6613781428
ISSN:	2227-8885
Notes:	Includes bibliographical references (page 32). Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The English-speaking Caribbean countries share a number of characteristics: they are smal the largest island is 11,424 square kilometers, although mainland Guyana is much larger at 214,970 square kilometers-open, price takers in international markets, and mainly export primary products or tourist services. They import most of their manufactured products, and trade is focused on the United States. Historical and cultural links contributed to their economic integration, which has evolved into a customs union, and government administrative arrangements are quite similar, a legacy of the British colonial era. A subset of the smaller countries have retained a common currency. Nonetheless there are several important economic differences based on their variations in natural endowments-Trinidad and Tobago is the only oil exporter, Guyana depends on timber, gold, and rice, Jamaica produces bauxite, while the smaller countries rely more heavily on agriculture and tourism.
Other form:	Print version: Hilaire, Alvin (Alvin David Louis). Caribbean approaches to economic stabilization. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., ©2000
Standard no.:	10.5089/9781451895902.001

Description
Summary:	In the late 1980s Barbados, Guyana, Jamaica, and Trinidad and Tobago found themselves in severe economic difficulties. Their ensuing economic strategies were all market-based, featured fiscal contraction and trade liberalization, multilateral support loans and, later on, tax and financial sector reforms. However, exchange rate, monetary and public sector wage policies varied greatly. Choice of exchange rate regime was not as fundamental to successful stabilization as was fiscal action, complemented by, but without undue reliance on, monetary policy. The policies employed to reduce debt and to diversify the economic bases also help t lessen vulnerabilities to future economic shocks.
Physical Description:	1 online resource (32 pages) : illustrations.
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (page 32).
ISBN:	1451895909 9781451895902 1281600733 9781281600738 1462304583 9781462304585 1452760357 9781452760353 9786613781420 6613781428
ISSN:	2227-8885