In most countries, the central bank is required to hold reserve assets as a means of providing credibility for the value of the fiat currency. These assets can be in the form of gold, foreign exchange or some other internationally recognised reserve asset and are held to permit the country to...

This paper investigates the determinants of job losses due to the COVID-19 in the small island developing states of the Caribbean. Utilising a survey of 1979 firms in the Caribbean and a probit regression model, the study identifies the key factors that might lead a firm to retrench staff. Two...