Developing Sustainable Balance of Payments in Small Countries (Hardcover)

Name: Developing Sustainable Balance of Payments in Small Countries
Author: Andre Haughton

Lessons from Macroeconomic Deadlock in Jamaica

von Andre Haughton Verlag: Springer International Publishing

1st ed. 2017 - Erschienen 21.07.2017 - Gebunden, 220 Seiten, 216mm x 153mm x 17mm, Sprache(n): eng

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Provides a case study applicable to small economies with insufficient net international reservesExamines underlying influences of foreign currency flows over timeConsiders optimal level of net international reserves for small countries

This book analyses Jamaicäs 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 the International Monetary Fund over the past 40 years, its depreciating currency continues to drive up debt servicing requirements. The island nation¿s longstanding relationship with multilateral lending agencies like the IMF serves as a case study for other developing countries that are unable to generate sufficient intrinsic net international reserves and, consequently, suffer from incredibly low GDP growth per annum. The book closes with policy recommendations to bolster the Jamaican economy into solvency so that it can create a sustainable foreign debt repayment plan, and suggests strategies for supporting local economic objectives within global geopolitical constraints.

Andre Haughton is Lecturer at the University of the West Indies, Mona in Jamaica. He earned his PhD from the University of Essex in the UK. He is a KPMG Peat Marwick Scholar, a Thomas De La Rue Scholar, and a British Commonwealth Scholar. He is a member of the Private Sector of Jamaica's Economic Policy Committee and the Inter-American Development Bank's Civil Society Consulting Group.

Andre Haughton is Lecturer at the University of the West Indies, Mona in Jamaica. He earned his PhD from the University of Essex in the UK. He is a KPMG Peat Marwick Scholar, a Thomas De La Rue Scholar, and a British Commonwealth Scholar. He is a member of the Private Sector of Jamaica’s Economic Policy Committee and the Inter-American Development Bank’s Civil Society Consulting Group.

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MARZIES Buch- und Medienhandel

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A28933748

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ISBN:

3319530305

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