Monetary mechanisms in open economies: a model for the Caribbean

Author(s): Worrell, DeLisle (1984)

Created 24 Jul, 1984
Categories Working Papers
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This paper presents a model to represent bank decisions in an effort to explain adequately the process by which very small economies adjust to monetary changes. Estimates are made for three Caribbean countries, namely, Barbados, Jamaica and Trinidad and Tobago and cover the period 1964-1981.

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