Tennant,David; Kirton, Claremont
Author Affiliation, Ana.
Assessing the impact of financial instability : The Jamaican case study
Iberoamericana. Nordic Journal of Latin American and Caribbean Studies
Date of Publication
The study highlights the results of an analysis of the effects of financial instability on the performance of financial sector intermediation in Jamaica. Before-after and with-without counterfactual methodologies were used to indicate that financial sector intermediation in all channels through which the financial sector is expected to foster economic growth, caused an increase in already high levels of operational inefficiency of some types of financial institutions, and ultimately negatively impacted on real sector economic performance. It was, however, also shown that in some instances, stringencies associated with financial instability can force higher levels of efficiency in relatively large institutions.....