Developing Sustainable Balance of Payments in Small Countries - Lessons from Macroeconomic Deadlock in Jamaica (Hardcover, 1st ed. 2017)

This book analyses Jamaica's ability to satisfy its short and long run foreign currency obligations in light of recurrent balance of payment support from international lending agencies. Jamaica is one of the top five indebted nations in the world, and despite entering 13 successive arrangements with the International Monetary Fund over the past 40 years, its depreciating currency continues to drive up debt servicing requirements. The island nation's longstanding relationship with multilateral lending agencies like the IMF serves as a case study for other developing countries that are unable to generate sufficient intrinsic net international reserves and, consequently, suffer from incredibly low GDP growth per annum. The book closes with policy recommendations to bolster the Jamaican economy into solvency so that it can create a sustainable foreign debt repayment plan, and suggests strategies for supporting local economic objectives within global geopolitical constraints.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	July 2017
First published:	2017
Authors:	Andre Haughton
Dimensions:	210 x 148mm (L x W)
Format:	Hardcover
Pages:	190
Edition:	1st ed. 2017
ISBN-13:	978-3-319-53030-7
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > International economics > International finance Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General Promotions
LSN:	3-319-53030-5
Barcode:	9783319530307

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