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Interest Rate Spreads In The Eastern Caribbean
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Book Synopsis Interest Rate Spreads in the Eastern Caribbean by : Mrs.Ruby Randall
Download or read book Interest Rate Spreads in the Eastern Caribbean written by Mrs.Ruby Randall and published by International Monetary Fund. This book was released on 1998-04-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Monetary Policy Transmission in the Eastern Caribbean Currency Union by : Ms.Alla Myrvoda
Download or read book Monetary Policy Transmission in the Eastern Caribbean Currency Union written by Ms.Alla Myrvoda and published by International Monetary Fund. This book was released on 2018-03-29 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates international and domestic monetary policy transmission mechanisms in the Eastern Caribbean Currency Union (ECCU). We assess interest rate pass-through of both the U.S. policy rate and the ECCU minimum saving deposit rate (MSR) into domestic interest rates through the interest rate channel. While economic theory suggests that the international pass-through should be high in small open economies with fixed exchange rates and open capital accounts, our findings, based on regression analysis, point to a low long-run pass-through coefficient of the U.S. interest rate. The domestic transmission channel, however, is found to operate through changes in the MSR. The results hold for different interest rates (deposit and lending) and are supported by survey-based findings.
Book Synopsis What Drives Interest Rate Spreads in Pacific Island Countries? An Empirical Investigation by : Mr.Fazurin Jamaludin
Download or read book What Drives Interest Rate Spreads in Pacific Island Countries? An Empirical Investigation written by Mr.Fazurin Jamaludin and published by International Monetary Fund. This book was released on 2015-05-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth has been sluggish in Pacific island countries (PICs). High cost of credit is likely one of the reasons. While the small scale, geographic dispersion, and vulnerability to shocks increase the cost and risk of credit in this country group, there is considerable variability in interest rate spreads both across countries and over time. This paper examines the determinants of lending rates and interest rate spreads in a panel of six PICs, extending the literature that was largely descriptive in nature or focused on a single country. Our results are in line with economic theory. We find that the size of the economy is negatively correlated with spreads, confirming the importance of scale. Inflation appears to have only marginal impact on spreads. High loan loss provisions and nonperforming loans increase the cost of credit. So does banking system concentration. Higher institutional quality is associated with lower spreads.
Book Synopsis The Eastern Caribbean Economic and Currency Union by : Mr.Alfred Schipke
Download or read book The Eastern Caribbean Economic and Currency Union written by Mr.Alfred Schipke and published by International Monetary Fund. This book was released on 2013-04-10 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Interest Spreads in Banking by : Mr.Adolfo Barajas
Download or read book Interest Spreads in Banking written by Mr.Adolfo Barajas and published by International Monetary Fund. This book was released on 1998-08-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the determinants of the high intermediation spread observed in the Colombian banking sector for over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a decomposition into operational costs, financial taxation, market power, and loan quality. Although the average spread did not change between the pre liberalization (1974-88) and post liberalization (1991-96) periods, its composition did, with market power being significantly reduced and the responsiveness to loan quality increased. Colombia’s progress in reducing operational costs and financial taxation and improving loan quality, will determine whether it can narrow the spread.
Book Synopsis Eastern Caribbean Currency Union: 2021 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union by : International Monetary
Download or read book Eastern Caribbean Currency Union: 2021 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-04 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fallout from the COVID-19 crisis is hitting ECCU economies hard. Tourism receipts (accounting for nearly 40 percent of GDP) have dried up, as tourist arrivals have come to a grinding halt. The authorities successfully contained the spread of the virus at the onset of the pandemic by largely closing the borders, but a reopening of the economies since the summer has led to a surge in COVID cases. The ECCU economy is projected to contract by 16 percent in 2020 and by a further near 1⁄2 percent in 2021. Fiscal positions have deteriorated sharply, and public debt is projected to reach near 90 percent of GDP in 2021 and remain at an elevated level for years to come. Headline indicators suggest the financial system is relatively sound with ample liquidity buffers, but nonperforming loans are expected to rise significantly. The outlook is clouded by exceptionally high risks, including from the uncertainty concerning the evolution of the pandemic.
Book Synopsis The Monetary Policy Regime and Banking Spreads in Barbados by : Wendell A. Samuel
Download or read book The Monetary Policy Regime and Banking Spreads in Barbados written by Wendell A. Samuel and published by International Monetary Fund. This book was released on 2006-09 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the determinants of banking spreads in Barbados, with a view to identifying the role of the monetary policy regime in explaining high spreads. The paper finds that interest rate spreads for Barbados are higher than would be suggested by its macroeconomic performance. Banking concentration and bank-specific variables, including bank size and provisions for nonperforming loans, do not have an important role in explaining variations in bank spreads. Rather, it appears that monetary policy variables, such as reserve requirements and capital controls, are the most important determinants of spreads.
Book Synopsis Financial Development and Inclusion in the Caribbean by : Chuan Li
Download or read book Financial Development and Inclusion in the Caribbean written by Chuan Li and published by International Monetary Fund. This book was released on 2018-03-13 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country’s own macroeconomic fundamentals. SMEs, in particular, remain severely credit constrained, and data to inform better analysis remains scarce. Using available data, this paper takes stock of the current state of financial development and inclusion in the Caribbean region and, based on a quantitative general equilibrium model, examines potential trade-offs between growth, inequality, and financial stability—all critical considerations when policies are designed. A case study for Jamaica is examined in detail.
Book Synopsis Global Economic Prospects 2010 by : World Bank
Download or read book Global Economic Prospects 2010 written by World Bank and published by World Bank Publications. This book was released on 2010-02-12 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The crisis has deeply impacted virtually every economy in the world, and although growth has returned, much progress in the fight against poverty has been lost. More difficult international conditions in the years to come will mean that developing countries will have to place even more emphasis on improving domestic economic conditions to achieve the kind of growth that can durably eradicate poverty.� —Justin Yifu Lin, Chief Economist and Senior Vice President The World Bank 'Global Economic Prospects 2010: Crisis, Finance, and Growth' explores both the short- and medium-term impacts of the financial crisis on developing countries. Although global growth has resumed, the recovery is fragile, and unless business and consumer demand strengthen, the world economy could slow down again. Even if, as appears likely, a double-dip recession is avoided, the recovery is expected to be slow. High unemployment and widespread restructuring will continue to characterize the global economy for the next several years. Already, the crisis has provoked large-scale human suffering. Some 64 million more people around the world are expected to be living on less than a $1.25 per day by the end of 2010, and between 30,000 and 50,000 more infants may have died of malnutrition in 2009 in Sub-Saharan Africa, than would have been the case if the crisis had not occurred. Over the medium term, economic growth is expected to recover. But increased risk aversion, a necessary and desirable tightening of financial regulations in high-income countries, and measures to reduce the exposure of developing economies to external shocks are likely to make finance scarcer and more costly than it was during the boom period. As a result, just as the ample liquidity of the early 2000s prompted an investment boom and an acceleration in developing-country potential output, higher costs will likely yield a slowing in developing-country potential growth rates of between 0.2 and 0.7 percentage points, and as much as an 8 percent decline in potential output over the medium term. In the longer term, however, developing countries can more than offset the implications of more expensive international finance by reducing the cost of capital channeled through their domestic financial markets. For more information, please visit www.worldbank.org/gep2010. To access Prospects for the Global Economy, an online companion publication, please visit www.worldbank.org/globaloutlook.
Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund
Download or read book Eastern Caribbean Currency Union written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-06-02 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Caribbean Currency Union (ECCU) countries financial system has increasingly come under stress particularly through weakly supervised nonbank and offshore financial sectors with knock-on effects to domestic banks. The staff report focuses on ECCU’s 2009 discussion on common policies of member countries on economic development and policies. In response, ECCU authorities have accelerated the establishment of national Single Regulatory Units and the passage of harmonized legislation to strengthen then regulation and supervision of nonbanks and offshore institutions.
Book Synopsis A Statistical Analysis of Banking Performance in the Eastern Caribbean Currency Union in the 1990s by : V. Hugo Juan-Ramón
Download or read book A Statistical Analysis of Banking Performance in the Eastern Caribbean Currency Union in the 1990s written by V. Hugo Juan-Ramón and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1475546378 Total Pages :119 pages Book Rating :4.4/5 (755 download)
Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Eastern Caribbean Currency Union written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-10-25 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regional recovery is gaining ground, supported by continued low oil prices, the return to pre-2007 levels of tourism arrivals, and buoyant citizenship-by-investment receipts. Three failed banks have been resolved with no spillovers to the rest of the region and authorities have demonstrated improved fiscal management. Risks in the short run appear to be balanced but the region still faces many vulnerabilities that jeopardize the medium-term outlook. This year’s discussions took stock of the progress made and the policies needed to address key vulnerabilities related to the weak banking system, high debt, susceptibility to natural disasters, and competitiveness.
Book Synopsis Economic Transformation for Poverty Reduction in Africa by : Almas Heshmati
Download or read book Economic Transformation for Poverty Reduction in Africa written by Almas Heshmati and published by Routledge. This book was released on 2019-04-05 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an edited volume which contains empirical studies on determinants of poverty and its reduction in Africa. It looks at multidimensional measures of poverty, production and productivity-related factors, policies influencing poverty and random, hazardous but preventive factors influencing poverty levels and their reduction. The book argues that we need to account for different dimensions of poverty, when it is measured and classified, and for identifying the determinants of poverty and factors reducing poverty. The studies in the volume provide readers with a comprehensive picture of the state of poverty, its measurement, causal factors and efficient policies and practices in poverty reduction on the African continent as a whole and also in selected countries.
Book Synopsis Understanding the Caribbean Enterprise by : Lawrence A. Nicholson
Download or read book Understanding the Caribbean Enterprise written by Lawrence A. Nicholson and published by Springer. This book was released on 2016-06-24 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This engaging book fills a substantial gap in the understanding of Caribbean enterprises, focusing upon FOBs (family-owned businesses) about which, despite accounting for 70% of private sector employment in the region, very little is known. Concentrating on MSMEs which represent the majority of FOBs in the English-speaking Caribbean, the authors compare and contrast their experiences to those in developed countries, focusing in particular on areas such as family business succession, business financing and marketing. Understanding the Caribbean Enterprise provides context-specific lessons from a historical perspective of business and entrepreneurship, which in turn provide an understanding of the current issues facing MSMEs and FOBs in the English-speaking Caribbean.
Book Synopsis International Journal of Economics and Business Studies: Volume 1, Number 1 by :
Download or read book International Journal of Economics and Business Studies: Volume 1, Number 1 written by and published by Universal-Publishers. This book was released on 2011-06-17 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONTENTS: 1.Determinants of Commercial Bank Interest Rate Margins in Swaziland by Sibusiso M. Khumaloand, Yinusa D. Olalekan & Francis Nathan Okurut 2. New Banking Technology and Service Quality in Indian Public Sector Banks: A Micro Level Study by A. Abdul Raheem & M. Krishnamoorthy 3. Supply Response of Perennial Crops: A Case of Balochistan Apricots by Mohammad Pervez Wasim 4. Government Debt and Long-Term Interest Rate: Application of an Extended Open-Economy Loanable Funds Model to South Africa by Yu Hsing Click here to download full PDF edition of this issue (free limited time open access) Go to Journal Homepage Go to Series editor website About the Journal International Journal of Economics and Business Studies (IJEBS) is a peer-reviewed journal, which is intended not only to promote the discussion on challenging economic and business issues at applied and policy levels but also to disseminate research information and knowledge in latest developments in business and economics. The main objective of IJEBS is to provide an intellectual platform for researchers, in which research in alternative paradigms for business and economic inquiry could be analysed and discussed. The journal provides opportunities for economists and business related professionals in a global realm to publish their paper in one source. The International Journal of Economics and Business Studies is also indented to bring together academicians and professionals from all related business and economics fields to interact with academics inside and outside their own particular disciplines.
Book Synopsis Unlocking Credit by : Inter-American Development Bank
Download or read book Unlocking Credit written by Inter-American Development Bank and published by IDB. This book was released on 2004 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Bank loans are the main source of credit for businesses across Latin America, so understanding what determines the depth, cost, and volatility of bank credit is crucial to designing strategies that ensure financial stability and promote growth. This new edition of Economic and Social Progress in Latin America provides a comprehensive analysis of the region's all-important banking industry. The book examines two-way interactions between macroeconomic policies and financial intermediation -- not only how these policies affect banking but how banks weather intermediate shocks, and how industry incentives can prompt bank portfolio choices that influence economic policy. The report also discusses how elements of a financial safety net -- including deposit insurance, prudential regulation, protection of creditor rights, and legal and judicial enforcement -- can mitigate factors that make credit more volatile and constrain its expansion. Finally, the report studies how the banking industry's market structure affects its performance. Particular attention is given to the role of government- versus foreign-owned banks, access to credit by small and medium-sized enterprises, and the development of mortgage credit markets.
Book Synopsis Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa by : Mr.Francois Boutin-Dufresne
Download or read book Benchmarking Banking Sector Efficiency Across Regional Blocks in Sub-Saharan Africa written by Mr.Francois Boutin-Dufresne and published by International Monetary Fund. This book was released on 2013-02-26 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a high ratio of equity to total assets and high treasury bill interest rates have higher net interest margins. Moreover, high operating costs are associated with low measures of institutional quality and a small size of bank operations. We find support for the view that market structure is also partly responsible for high net interest margins in Sub-Saharan Africa. If interpreted causally, high operating costs and a high ratio of equity to total assets and, indirectly, institutional factors such as the rule of law, are the most important factors in accounting for high interest margins in the East African Community, relative to other regions.
