Jamaica: Selected Issues

Volume/Issue: Volume 2006 Issue 157
Publication date: May 2006
ISBN: 9781451820171
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Money and Monetary Policy , Public Finance , ISCR , CR , exchange rate , optimal portfolio , foreign currency , inflation expectation , debt-inflation link , debt-inflation relationship , debt-inflation trap , investment prospect , debt growth , Exchange rates , Inflation , Government debt management , Currencies , Global , Caribbean , Europe , Middle East , Africa , North America , Eastern Europe

Summary

This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its optimal debt structure. It also reviews the institutional framework for debt management in Jamaica, and presents a newly constructed dataset that documents Jamaica’s notable market access to long-maturity, fixed interest rate, and domestic currency bond placements.