Balance of payments adjustment in the Caribbean

Boyd, Derick and Smith, Ron P. (2004) Balance of payments adjustment in the Caribbean. In: 5th Annual SALISES Conference, 2004, University of the West Indies, St. Augustine. (Unpublished)

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Abstract

This paper examines how the balance of payments responds to domestic and foreign real incomes and the real exchange rate for 10 Caribbean economies, using a variety of econometric approaches. This question is interesting because our sample contains three countries with floating exchange rates and seven with fixed exchange rates. Unlike our earlier work on industrial countries, which used the same approach, we find little evidence for a cointegrating balance of payments equation or for satisfaction of the Marshall-Lerner conditions.

Metadata

Item Type:	Conference or Workshop Item (Paper)
School:	Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Sarah Hall
Date Deposited:	24 Nov 2020 21:48
Last Modified:	02 Aug 2023 18:05
URI:	https://eprints.bbk.ac.uk/id/eprint/41717

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