Developing Sustainable Balance of Payments in Small Countries Lessons from Macroeconomic Deadlock in Jamaica /

• Main Author: Haughton, Andre (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
• Subjects: Finance.; Macroeconomics.; Economic history.; International Finance.; Development Finance.; Macroeconomics/Monetary Economics//Financial Economics.; Economy-wide Country Studies.

This book analyses Jamaica’s ability to satisfy its short and long run foreign currency obligations in light of recurrent balance of payment support from international lending agencies. Jamaica is one of the top five indebted nations in the world, and despite entering 13 successive arrangements with...

Table of Contents:

• 1. Foreign Currency Flows and the Jamaican Economy
• 2. Foreign Currency Borrowing and Foreign Debt Sustainability
• 3. Determinants of Current Account Imbalances
• 4. Current Account Subgroups and Real Exchange Rate Dynamics
• 5. Currency Depreciation and Economic Growth
• 6. Balance of Payments and Capital Account Sustainability
• 7. Net International Reserve Adequacy and the Optimal Reserves- 8. Foreign Direct Investment, Savings, Investment, and GDP Growth
• 9. Commercial Banks and the Monetary Transmission Mechanism
• 10. Concluding Remarks and Policy Recommendations.