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The Locus of Financial RegulationThe Locus of Financial Regulation, Whither the Caribbean? If the G’s are the world’s steering committee, the step from G7 to G20 deepened the democratic legitimacy of this committee. |
IMF
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WHY THE EUROPLAN WILL WORK, DESPITE UNINTENTIONAL EFFORTS TO MAKE IT FAILThe €720bn of government-backed loan guarantees by EU Governments and, even more importantly, an open-ended commitment to buy European sovereign bonds by the ECB will do the trick. It will provide the time needed for Greece, Spain, Portugal and others to put together sustainable fiscal programs and breathing room in terms of lower interest rates and financing of upcoming debt repayments. Don't bet on the euro unrav... |
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High-risk governanceThe Caribbean Policy Research Institute (CAPRI) has come out in praise of the JDX and advises that Government "must pursue disciplined management of liabilities", "aggressively rationalise the public sector" and embark on "comprehensive fundamental tax reforms". |
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Capri Study Backs JDXIn an important study just released, the independent Caribbean Policy Research Institute (CAPRI) has strongly endorsed the Government's debt exchange programme, saying "the Jamaica Debt Exchange has turned an unsustainable fiscal situation into a potentially sustainable one. The fact and manner of the programme deserves kudos for both the government and domestic debt-holders". |
