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February, 2014
Thematic Area: 

There has been a recent outcry in Jamaica against the high and increasing fees and charges being levied by banks on some of their services. The fees attracting most attention are those that relate to basic transactions such as withdrawing cash from another bank’s ATM or stopping payment on a cheque. Charges on fairly common misdemeanours, such as writing a cheque that subsequently bounces or incurring an overdra on an account are also frequently identified as being exorbitant.i Because these fees and charges are levied on fairly commonplace activities, the cumulative effect on an individual or firm can be high, and the aggregate macroeconomic effect through heightened transactions costs cannot be ignored. 


July, 2017
Thematic Area: 

Ascertaining the true cost of providing an undergraduate degree in Jamaica is critical for students, ter ary ins tu ons, and government policy-makers. For prospective and current university students, understanding the real cost of a degree may force them to make more cost-effective choices, thus, reducing the cost barrier to educa on and increasing the likelihood of nishing their degree programme. For policy-makers, this informa on is important in order to make decisions that ultimately enhance access to and choice of a aining a ter ary education. Lastly, ter ary ins tu ons, and by extension the government, would be interested in decreasing this barrier (the real cost) to tertiary education which in turn would increase access, enrolment, and contribute more significantly to economic development.