Financial interconnectedness and financial sector reforms in the Caribbean

Sumiko Ogawa, Joonkyu Park, Diva Singh, and Nita Thacker

Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross bor

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Year of publication:	2013
Authors:	Ogawa, Sumiko ; Park, Joonkyu ; Singh, Diva ; Thacker, Nita
Publisher:	Washington, DC : IMF
Subject:	Finanzsektor \| Financial sector \| Finanzmarktreform \| Financial markets reform \| Karibischer Raum \| Caribbean countries

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Extent:	Online-Ressource (33 S.) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 13/175
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; II. Structure and State of the Financial Sector in the Caribbean; A. Structure of the Financial Sector; B. Recent Developments in the Financial Sector: Impact of the Global Crisis; III. Degree of Interconnectedness and Implications for Systemic Risk; A. Interconnectedness and Financial Stability; Boxes; 1. The Collapse of the CL Financial Group; B. Stylized Analysis on Interconnectedness in the Caribbean Region; C. Quantitative Analysis of Interconnectedness; D. Implications for Systemic Risk; 2. Interconnectedness through Stock Markets IV. Current State/Structure of Financial Sector Supervision in the RegionV. Recommendations for Financial Sector Reforms; A. Banking Sector; 3. Progress in Reforming Financial Supervisory System; B. Non-Banking Sector; VI. Conclusions; Appendix Tables; 1. Selected Financial Soundness Indicators for Selected Caribbean Countries; 2. BIS Reporting Banks' Claims to the Caribbean Countries; 3. Key Prudential Standards in Selected Countries; References
ISBN:	978-1-4843-0783-0
Other identifiers:	10.5089/9781484307830.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010187147