Monetary%20and%20Exchange%20Rate%20Policies%20for%20the%20Perfect%20Storm

Working Papers

Monetary and Exchange Rate Policies for the Perfect Storm


CODE: WP-678
AUTHOR(s): Minella, Andre , Powell, Andrew , Rebucci, Alessandro , Souza-Sobrinho, Nelson
PUBLISHED: October 2009
LANGUAGE: English
RELATED TOPICS: Macroeconomics
DOWNLOAD FILE IN: English

Abstract:

This study provides a set of tools to analyze the monetary and exchange rate policy issues in the seven countries of the Inter-American Development Bank’s Caribbean region (The Bahamas, Barbados, Jamaica, Haiti, Guyana, Suriname, and Trinidad and Tobago). It then applies some of them to the analysis of the impact of the global turmoil on these economies in the last quarter of 2008. The paper also discusses, in light of both recent theoretical developments and key aspects of these economies, the monetary and exchange policy responses to the initial phase of the global turmoil.

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