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Finance and Development in the Caribbean: Threats to the Link

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The aftermath of the global financial crisis of 2007/2008, followed by
threats of de-risking and issues surrounding correspondent banking,
provide a convenient context for researchers and policy-makers to
reconsider the role of the financial system in advancing growth and
development in the Caribbean. This article reviews the literature on the
link between finance and economic growth and development, and considers
major constraints which hinder the ability of the sector to make a greater
contribution to both. It then discusses possible solutions to constraints and
de-risking, which are available to policy-makers to ensure that the sector
makes an even greater contribution to Caribbean economic development.

USD $10.00
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