The Monetary and Financial Systems of the Bahamas
Author | : Ramesh Ramsaran |
Publisher | : |
Total Pages | : 409 |
Release | : 1984 |
Genre | : Banks and banking |
ISBN | : |
Download The Monetary and Financial Systems of the Bahamas Book in PDF, Epub and Kindle
Download The Monetary And Financial Systems Of The Bahamas full books in PDF, epub, and Kindle. Read online free The Monetary And Financial Systems Of The Bahamas ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Ramesh Ramsaran |
Publisher | : |
Total Pages | : 409 |
Release | : 1984 |
Genre | : Banks and banking |
ISBN | : |
Author | : Ramesh Ramsaran |
Publisher | : |
Total Pages | : 448 |
Release | : 1984 |
Genre | : Bahamas |
ISBN | : |
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 2019-07-02 |
Genre | : Business & Economics |
ISBN | : 1498323650 |
The CBOB considers increased financial inclusion as a critical reform area. In this regard, the FSAP assessed developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for improvements. A review of the market was undertaken using the Payment Aspects of Financial Inclusion (PAFI) framework covering areas such as the legal/regulatory framework and oversight, retail payment systems and instruments, access to transaction accounts and use cases, as well as SME policy, credit infrastructure, economic empowerment funds and consumer protection and financial literacy.
Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 88 |
Release | : 2013-04-11 |
Genre | : Business & Economics |
ISBN | : 1484398351 |
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 99 |
Release | : 2019-07-01 |
Genre | : Business & Economics |
ISBN | : 149832357X |
The Bahamas appears to be resilient to current threats to its financial stability, but action is needed to safeguard against potential weaknesses. There is a large stock of problem assets that needs to be dealt with from a variety of perspectives: systemic risk monitoring, banking supervision, and crisis management. Vulnerabilities to natural disasters and external economic contagion heighten this need. The banking sector dominates the financial system and has focused on residential mortgages and consumer loans during a long period of economic stagnation. Despite poor growth the sector has remained profitable. However, the small domestic residential property market backing most secured lending is prone to shocks and illiquidity. This has historically led to high and persistent levels of nonperforming loans (NPLs), which significantly increase uncertainty and fragility in the banking system.
Author | : Ramesh Ramsaran |
Publisher | : |
Total Pages | : 0 |
Release | : 1984 |
Genre | : |
ISBN | : |
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 122 |
Release | : 2019-07-01 |
Genre | : Business & Economics |
ISBN | : 1498323790 |
Macrofinancial risks stem from the economy’s vulnerability to external shocks to tourism and real estate investment, exposure to frequent and severe hurricanes, and a small and illiquid real estate market. Stress tests reveal the overall banking system is resilient to a range of adverse scenarios given large aggregate capital and liquidity buffers. Some domestic banks and the two largest credit unions are more vulnerable to asset quality shocks and tail risk conditions. Asset quality and profitability are key determinants of financial institutions’ resilience to adverse shocks. Liquidity, market, sovereign and financial contagion risks are low. The offshore banking sector is not a source of traditional banking risks.
Author | : Central Bank of the Bahamas |
Publisher | : |
Total Pages | : 52 |
Release | : 1974 |
Genre | : Bahamas |
ISBN | : |
Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2020-06-05 |
Genre | : Business & Economics |
ISBN | : 1513546643 |
This paper highlights The Bahamas’ Request for Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 (COVID-19) pandemic comes on the heels of the widespread destruction caused by Hurricane Dorian in September 2019. Coupled with domestic containment measures, the collapse in tourism will cause a deep recession. The Bahamian authorities have taken timely and targeted measures to boost health spending and mitigate the socioeconomic impact of the pandemic, supporting jobs and vulnerable segments of the population. The disbursement under the RFI will help boost resources for essential COVID-19-related outlays, strengthen reserves, and catalyze additional support from other international financial institutions, development partners, and the private sector. In order to address the urgent fiscal needs, the central bank will on-lend the disbursement to the Ministry of Finance. The IMF staff is confident that the authorities will pursue appropriate policies for alleviating the impact of the pandemic, based on the country’s strong track record. The Bahamas is assessed to have sustainable debt and adequate capacity to repay the IMF.
Author | : Ramesh Ramsaran |
Publisher | : |
Total Pages | : 1424 |
Release | : 1977 |
Genre | : Bahamas |
ISBN | : |