Economic Resilience with an Exchange Rate Peg: the Barbados Experience, 1985-2000

WPIEA1682003 Image
Price:  $15.00

Author/Editor: Harold Codrington, Roland Craigwell, Kevin Greenidge, DeLisle Worrell
Release Date: © August, 2003
ISBN : 978-1-45185-828-0
Stock #: WPIEA1682003
Stock Status: Available

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This paper discusses the institutional arrangements for exchange rate targeting in Barbados and the critical role they played in the policy response to its balance of payments crisis of 1991-92. The framework featured ongoing cooperation between the central bank and the Ministry of Finance, and the use of a forecast model which highlighted the size of fiscal adjustment needed to secure foreign reserves adequate to maintain the exchange rate peg.


Economic policy , Foreign exchange , Monetary policy

More publications in this series: Working Papers

More publications by: Harold Codrington ; Roland Craigwell ; Kevin Greenidge ; DeLisle Worrell