Monetary Policy, Central Banking and Economic Performance in the Caribbean by Serick Boyd

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Monetary Policy, Central Banking and Economic Performance in the Caribbean by Serick Boyd

Despite their common British colonial heritage, the twelve Caribbean economies examined in this book exhibit a wide variety of monetary regimes. These include a currency union, currency board, and fixed and floating exchange rate regimes which allow for a range of rules and discretionary-based monetary policies. Derick Boyd and Ron Smith trace the historical origins and evolution of this variety of Caribbean institutions and examine the effect of policy regime on economic performance, using theoretical economic analysis and several econometric techniques, which they explain in detail. Their conclusion is that better economic performance has benefited from an embedded tradition of conservative central banking, either hardwired, as in the case of a currency board, or through discretionary policies, a tradition which seems to have been largely eroded in the resource-rich economies.

From 2014 to 2016, Ron Smith served as Virginia's Poet Laureate. He is the George Squires Chair of Outstanding Teaching and Writer-in-Residence at St. John's University. He also taught at St. Christopher's School in Richmond, Virginia, and was an adjunct associate professor at the University of Richmond. Running Again in Hollywood Cemetery (1988, second edition 2020), Moon Road (2007), Its Ghostly Workshop (2013), and The Humility of the Brutes (2017) are among Smith's poetry volumes.

SKU Unavailable
ISBN 13 9789766402525
ISBN 10 9766402523
Title Monetary Policy, Central Banking and Economic Performance in the Caribbean
Author Serick Boyd
Condition Unavailable
Binding Type Paperback
Publisher University of the West Indies Press
Year published 2011-08-31
Number of pages 160
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.