European Parliament Library

Dominica :, Selected Issues

Abstract
This Selected Issues paper presents a proposal for the creation of savings funds (SF) for rehabilitation and reconstruction after natural disasters (ND) in Dominica. A Monte Carlo experiment is used to calibrate the size of the SF, based on the distribution of ND fiscal shocks estimated from an empirical fiscal model. ND shocks are identified by controlling for other major sources of shock affecting the cyclical fluctuations of output, and government revenue and expenditure, and by calibrating the probability of ND consistent with their historical frequency. It is concluded that under the parameter calibrations proposed, the SF would be financially sustainable with a low probability of depletion
Table Of Contents
Cover; CONTENTS; A SAVINGS FUND FOR NATURAL DISASTERS: AN APPLICATION TO DOMINICA; A. Introduction; B. Why a SF for Self-Insurance against ND?; C. Methodology; D. Calibration; E. Results; F. Conclusion; References; TABLE; 1. Parameter Calibration for Dominica; CREDIT UNIONS IN DOMINICA: FINANCIAL IMPORTANCE AND POLICY CHALLENGES; A. Introduction; B. Stress Testing of Credit Unions; C. Credit Risks; D. Liquidity Risks; E. Interest Rate Risks; F. Consolidated Monetary Accounts of Banks and Credit Unions; G. Policy Recommendations and Conclusions; References; TABLE
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475572544

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