Jamaica: Selected Issues
This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the privatization of banks. The paper highlights that banks that had been acquired by the government in the 1970s were sold back to the private sector. This paper also reviews developments in monetary policy in Jamaica, and the role of the public sector.
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Volume/Issue:
Volume 1999
Issue 002
Publication date: February 1999
ISBN: 9781451820065
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , foreign currency , private sector , fiscal year , monetary policy , financial system , central bank , exchange rate , capital base , Open market operations , Commercial banks , Currencies , Reserve requirements , Public sector , Caribbean
Summary
This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the privatization of banks. The paper highlights that banks that had been acquired by the government in the 1970s were sold back to the private sector. This paper also reviews developments in monetary policy in Jamaica, and the role of the public sector.
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