1.

Record Nr.

UNINA9910817957803321

Autore

Yartey Charles Amo

Titolo

Caribbean Renewal : : Tackling Fiscal and Debt Challenges / / Charles Amo Yartey, Therese Turner-Jones

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4843-7759-1

1-4843-2117-0

1-4843-1296-1

Edizione

[1st ed.]

Descrizione fisica

1 online resource (315 p.)

Altri autori (Persone)

Turner-JonesTherese

Disciplina

336

Soggetti

Finance, Public - Caribbean Area

Debts, Public - Caribbean Area

Fiscal policy - Caribbean Area

Exports and Imports

Financial Risk Management

Foreign Exchange

Macroeconomics

Public Finance

Debt

Debt Management

Sovereign Debt

Fiscal Policy

National Government Expenditures and Related Policies: General

International Lending and Debt Problems

Current Account Adjustment

Short-term Capital Movements

Public finance & taxation

Finance

International economics

Currency

Foreign exchange

Fiscal consolidation

Public debt

Debt reduction

Fiscal rules

Fiscal stance

Fiscal policy

Asset and liability management



Expenditure

Debts, External

Debts, Public

Expenditures, Public

Balance of payments

Jamaica

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters and index.

Nota di contenuto

Cover; Contents; Acronyms; Foreword; Acknowledgments; About the Authors; 1 Fiscal Consolidation and Debt Reduction in the Caribbean: An Overview; 2 Fiscal Performance in the Caribbean Before and After the Global Financial Crisis; 3 Public Debt Profile and Public Debt Management in the Caribbean; 4 Global Large Debt Reduction: Lessons for the Caribbean; 5 Fiscal Consolidation: Country Experiences and Lessons from the Empirical Literature; 6 Fiscal Sustainability and Public Debt Limits in the Caribbean: An Illustrative Analysis

7 Fiscal Consolidation in the Caribbean: Past and Current Experiences8 Fiscal Multipliers in the Caribbean; 9 Selected Debt Restructuring Experiences in the Caribbean; 10 Fiscal Policy and the Current Account in Microstates; 11 Fiscal Policy Rules and Fiscal Performance: Evidence from Microstates; 12 Fiscal and Debt Sustainability in the Caribbean: A New Agenda; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; R; S; T; U; V; W; Z

Sommario/riassunto

Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal consolidation, robust growth, and structural reforms. The book also examines empirically the factors underlying global large debt reduction episodes to draw important policy lessons for the Caribbean. It also reviews the literature on successful fiscal consolidation experiences and provides an overview of past and current consolidation efforts in the Caribbean. The book concludes that the region needs a broad and sustained package of reforms to reduce debt ratios to more manageable levels and strengthen economic resilience.