Tennant, David; Kirkpatrick, C.
Author Affiliation, Ana.
Department of Economics
Responding to financial crisis: The case of Jamaica
Date of Publication
Also presented at Development and Business Finance: Policy and Experience in Developing Countries Conference also published as Responding financial crisis: Better off without the IMF? The case of Jamaica by the Institue for Development Policy and Management, University of Manchester, February 2002
Notes that the adverse economic and social effects of the financial crises that have afflicted many developing countries in recent years have highlighted the need to develop a policy response which addresses the vulnerability of financial systems to systematic instability and crisis. Examines the experience of Jamaica, a country which managed a financial sector crisis during the 1990s, without the assistance or involvement of the International Monetary Fund. Concludes by drawing lessons from the Jamaica case study for the domestic management of banking sector failures in lower income countries.....