Annual Monetary Studies Conference
Browse the papers and presentations of our recently concluded conference.
Browse the papers and presentations of our recently concluded conference.
Building Financial Sector Resilience in the Caribbean, Guyana, Nov. 2009
The 40th Annual Monetary Conference, co-hosted by the Caribbean Centre for Money and Finance and the Eastern Caribbean Central Bank, was held over the period 11-14th November 2008 at the Sir Cecil Jacobs Auditorium of the ECCB in St. Kitts. The conference is the oldest and best established academic conference of economists in the Caribbean. The theme of this year’s conference was “Economic Transformation in a Post–Independent Caribbean: What can we learn from Sir Arthur Lewis”. Challenges confronting the region were covered within the following subthemes: • Banking, Finance and Regulation • Economic Growth Dynamics in the Caribbean • Foreign Exchange Market and Interest Parity • Regional Integration • Inflation and Economic Management • Globalization, Trade and Sustainability of the External Accounts • Agricultural Development and Developmental Issues • Fiscal Challenges and Debt Management in Small Open Developing Countries • The Dynamics of Monetary Policy in the Caribbean • Capital Technology and Econometric Transformation • Socio Economic Challenges in the Caribbean A total of forty (40) papers were presented from amongst eighty (80) attendees.
Economic and social development trends and prospects in the Caribbean, Belize, Nov. 2007
This conference featured a number of policy papers, including an analysis of the determinants of excess liquidity of oligopolistic and oligopsonistic banking systems, and their implications for the effectiveness of monetary policy. There was a paper on the dilemma faced by central banks whose intervention may have (possibly unintended) implications for the exchange rate, and a related paper on exchange regimes and monetary policy independence. Another paper explored policies to prevent destabilizing speculation that generates global imbalances.
Several papers dealt with the macroeconomic behaviour of small open economies. They included presentations on the possible effect of remittance flows on the competitiveness of exports, tests of the impact of technology on competitiveness, the effects of economic diversification on output volatility and the liberalization of the capital account and the risk of a reversal of capital inflows.
Other presentations covered a miscellany of topics, including stock market performance, fiscal issues, the sustainability of fiscal and external deficits and issues relating to economic growth.
Strengthening economic relationships within the Caribbean region, Barbados, Nov. 2006
There were several papers on capital market issues at the Barbados conference. They examined factors affecting returns and the variability of returns on stock exchanges, and how the workings of financial markets may be better understood by examining more closely the information available to market agents. The conference also explored the possibilities of introducing novel financial instruments in Caribbean stock markets.
No doubt reflecting the importance of tourism in the Barbadian economy, there were several papers on tourism, including discussion of whether tourism performance in the region is converging, estimation of tourism multipliers, and an exploration of tourism potential in the Caribbean.
Other papers dealt with Caribbean monetary union, fiscal harmonization within Caricom, financial liberalization, and debt sustainability, among other topics.
Regional economic integration: issues and challenges, Bahamas, Nov. 2005
The conference featured several presentations of monetary, fiscal and exchange rate policies and the interactions between them. Papers on capital markets also featured prominently, including discussions of regional stock market integration and the impact on the Caribbean of global financial developments. Most macroeconomic papers dealt with the regional implications of domestic policies. The programme was rounded out with presentations on banking behaviour, banking regulation, social insurance, and the impact of national debt, among other issues.
Financial sector reform in the Caribbean: issues and challenges, Trinidad, Nov. 2004
Papers on financial supervision and regulation included a preliminary assessment of risk management practices and empirical tests of the relationship between default risk and bank capitalization for Jamaica. Papers on Caribbean economic thought included a 2-sector model of Trinidad and Tobago, and a thought-provoking essay, in which the author recommends that the prospective economic advisor first ground her or himself in the study of history, philosophy, and mathematics, and turn to economics only at the graduate level. There were papers on the securities markets of Trinidad and Tobago and Barbados and several papers raised issues in regional capital market development. They included an introduction to a newly established credit rating agency, an application of the savings-investment correlation test to selected Caribbean countries and the compilation of a regional securities performance index.
A presentation explained the government of Jamaica’s strategy for sustainable debt management in the medium term. Other policy papers tested for variables that might explain interest spreads, and for the effectiveness of foreign exchange sales by the central banks of Jamaica and Trinidad and Tobago, in ameliorating the volatility of exchange rates and achieving exchange rate targets. Papers on finance and growth analysed saving-investment-growth correlations and the impact of trade openness and other variables on GDP growth, investment and consumption. There were also papers on spillovers between the bond, foreign exchange and equity markets in Jamaica, a model of the joint determinants of FDI, imports, exports and GDP per capita, and the global financial architecture, among other topics.
35th Annual Monetary Studies Conference 2003
34th Annual Monetary Studies Conference 2002
33rd Annual Monetary Studies Conference 2001
32nd Annual Monetary Studies Conference 2000
31st Annual Monetary Studies Conference 1999
30th Annual Monetary Studies Conference 1998
29th Annual Monetary Studies Conference 1997
28th Annual Monetary Studies Conference 1996
27th Annual Monetary Studies Conference 1995
26th Annual Monetary Studies Conference 1994
25th Annual Monetary Studies Conference 1993
24th Annual Monetary Studies Conference 1992
23rd Annual Monetary Studies Conference 1991
22nd Annual Monetary Studies Conference 1990
21st Annual Monetary Studies Conference 1989
20th Annual Monetary Studies Conference 1988
19th Annual Monetary Studies Conference 1987
18th Annual Monetary Studies Conference 1986
17th Annual Monetary Studies Conference 1985
16th Annual Monetary Studies Conference 1984
15th Annual Monetary Studies Conference 1983
14th Annual Monetary Studies Conference 1982
13th Annual Monetary Studies Conference 1981
12th Annual Monetary Studies Conference 1980
11th Annual Monetary Studies Conference 1979
10th Annual Monetary Studies Conference 1978
9th Annual Monetary Studies Conference 1977
8th Annual Monetary Studies Conference 1976
7th Annual Monetary Studies Conference 1975
6th Annual Monetary Studies Conference 1974
5th Annual Monetary Studies Conference 1973
4th Annual Monetary Studies Conference 1972
3rd Annual Monetary Studies Conference 1971
