Über ein halbes Jahrhundert sind multi- und bilaterale Organisationen mit unterschiedlichem Erfolg um eine Reduzierung der Armut in der Dritten Welt bemüht. Viele wirtschaftliche und soziale Indikatoren informieren über Stand und Veränderung der Armut. Ziel dieses Beitrags ist es, ein Modell...

The paper examines the relationship between saving behavior and external debt-service, which is an economic burden in sub-Saharan Africa. The paper claims that the speed with which the debt-service to GDP ratio is expected to decline might be overstated and this could retard the success of the...

Using a modified money supply and demand model, this study shows that financial deepening, defined as M2/GDP, is positively influenced by the marginal propensity to save, and is inversely related to money velocity. Financial deepening is enhanced when savings increase, while saving propensities...

Purpose – This paper aims to assess the feasibility of the proposed Caribbean Monetary Union (CMU) by examining the synchronization of business cycles within CARICOM. According to the literature on optimum currencies, the synchronization of business cycles is a key requirement for the...

Does a strong commitment to an exchange rate peg reduce the cost of financial capital to less developed countries? We use a sample of twelve Caribbean countries to examine the impact that the Eastern Caribbean Currency Union (ECCU), a currency board/monetary union, has in lowering the cost of...