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010   $a9783319530314
010   $a3319530313
024 7 $a10.1007/978-3-319-53031-4
035   $a(PPN)291087493
035   $a(CKB)4340000000061461
035   $a(MiAaPQ)EBC4901913
035   $a(DE-He213)978-3-319-53031-4
035   $a(Perlego)3497896
035   $a(MiAaPQ)EBC6242015
035   $a(EXLCZ)994340000000061461
100   $a20170706d2017      u|         0
101 0 $aeng
135   $aurcnu||||||||
181   $2rdacontent
182   $2rdamedia
183   $2rdacarrier
200 10$aDeveloping Sustainable Balance of Payments in Small Countries $eLessons from Macroeconomic Deadlock in Jamaica /$fby Andre Haughton
205   $a1st ed. 2017.
210  1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2017.
215   $a1 online resource (210 pages)
311 08$a9783319530307 
311 08$a3319530305 
320   $aIncludes bibliographical references and index.
327   $a1. Foreign Currency Flows and the Jamaican Economy -- 2. Foreign Currency Borrowing and Foreign Debt Sustainability -- 3. Determinants of Current Account Imbalances -- 4. Current Account Subgroups and Real Exchange Rate Dynamics -- 5. Currency Depreciation and Economic Growth -- 6. Balance of Payments and Capital Account Sustainability -- 7. Net International Reserve Adequacy and the Optimal Reserves- 8. Foreign Direct Investment, Savings, Investment, and GDP Growth -- 9. Commercial Banks and the Monetary Transmission Mechanism -- 10. Concluding Remarks and Policy Recommendations.
330   $aThis book analyses Jamaica's ability to satisfy its short and long run foreign currency obligations in light of recurrent balance of payment support from international lending agencies. Jamaica is one of the top five indebted nations in the world, and despite entering 13 successive arrangements with the International Monetary Fund over the past 40 years, its depreciating currency continues to drive up debt servicing requirements. The island nation's longstanding relationship with multilateral lending agencies like the IMF serves as a case study for other developing countries that are unable to generate sufficient intrinsic net international reserves and, consequently, suffer from incredibly low GDP growth per annum. The book closes with policy recommendations to bolster the Jamaican economy into solvency so that it can create a sustainable foreign debt repayment plan, and suggests strategies for supporting local economic objectives within global geopolitical constraints. .
606   $aInternational finance
606   $aDevelopment economics
606   $aMacroeconomics
606   $aEconomic history
606   $aInternational Finance
606   $aDevelopment Economics
606   $aMacroeconomics and Monetary Economics
606   $aEconomy-wide Country Studies
615  0$aInternational finance.
615  0$aDevelopment economics.
615  0$aMacroeconomics.
615  0$aEconomic history.
615 14$aInternational Finance.
615 24$aDevelopment Economics.
615 24$aMacroeconomics and Monetary Economics.
615 24$aEconomy-wide Country Studies.
676   $a338.97292
700   $aHaughton$b Andre$4aut$4http://id.loc.gov/vocabulary/relators/aut$0952977
906   $aBOOK
912   $a9910255023603321
996   $aDeveloping Sustainable Balance of Payments in Small Countries$92154553
997   $aUNINA