Measuring financial liberalisation in Caricom

Author(s): Belford, Carlene; Greenidge, Kevin (2001)

Created 22 Jul, 2001
Categories Working Papers
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This paper produces an index of financial liberalisation for the member countries of CARICOM from 1979 to 1999. The measure employed assesses the many government policies regulating inward and outward financial transactions and allows comparison of the forms and intensity of regulation across time and space. It is based upon a coding of the domestic and international laws of the individual CARICOM states, most of whose legislation is available from 1979 to 1999. The resulting indices appear to be consistent with the observed changes in financial liberalisation in the individual territories.

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