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Loss of Correspondent Banking Relationships in the Caribbean, Trends, Impact, and Policy Options, Trevor Alleyne, Jacques Bouhga-Hagbe, Thomas Dowling, Dmitriy Kovtun, Alla Myrvoda, Joel Chiedu Okwuokei, Jarkko Turunen

Abstract
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased substantially, some services have been cut back, and some sectors have experienced reduced access. Policy options to address multiple drivers, including lower profitability and risk aversion by global banks, require tailored actions by several stakeholders
Table Of Contents
Cover -- CONTENTS -- ABSTRACT -- I. INTRODUCTION -- II. WHY DO CBRS MATTER? -- III. THE WITHDRAWAL OF CBRS - HOW SEVERE HAS IT BEEN? -- A. Global Trends -- B. Caribbean Developments -- C. Potential Factors Behind the Withdrawal of CBRs in the Caribbean -- IV. POLICY OPTIONS TO ADDRESS THE LOSS OF CBRS -- V. CONCLUSION -- ANNEX 1. MACROECONOMIC IMPLICATIONS OF A CONTINUED LOSS OF CBRS: AN ILLUSTRATIVE CASE FOR BELIZE -- ANNEX II. CASE STUDIES -- ANNEX III. AN ECONOMETRIC ANALYSIS OF THE DETERMINANTS OF THE WITHDRAWAL OF CBRS -- VI. ANNEX IV. IMF SURVEY
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (47 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484323946

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