A Monetary Approach to Movements in Caribbean Balance of Payments
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Limited information on the form and structure of similar macroeconomic aggregates continues to hinder the design of appropriate stabilization policy throughout the Caribbean. The purpose of this paper is to estimate the parameters of a model - the Monetary Theory of the Balance of Payments - that is key to the IMF stabilization programmes in the region. On the basis of these results, countries are grouped on their conformity to the assumptions implicit in typical IMF stabilization programmes.
Social and Economic Studies, vol. 40, no. 1, 1991.Refereed Journal Article