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Q: Financial Innovation in the Caribbean ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: Financial Innovation in the Caribbean
Category: Business and Money
Asked by: 101606-ga
List Price: $25.00
Posted: 12 Nov 2006 01:43 PST
Expires: 12 Dec 2006 01:43 PST
Question ID: 782032
Hi,
I'm looking for background articles, research papers, speeches on the
topic of Financial Innovation with specific reference to the Caribbean
region. A list of http links to the relevant articles would be
appreciated. Articles on Financial Innovation in developing countries
as a whole could also be included.
Many thanks in advance
Answer  
Subject: Re: Financial Innovation in the Caribbean
Answered By: pafalafa-ga on 12 Nov 2006 06:35 PST
Rated:4 out of 5 stars
 
101606-ga,

Thanks for an interesting question.  Here's the list I compiled of
papers, speeches and articles on financial innovations in the
Caribbean:



http://www.imf.org/external/np/speeches/2000/052600.htm
Growth and Stability in Latin America and the Caribbean:
Challenges for the Epoch of Globalization
Lecture by Mr. Eduardo Aninat
Deputy Managing Director of the International Monetary Fund
Port of Spain, May 26, 2000



http://www.imf.org/external/np/speeches/2004/061104a.htm
The Caribbean Economies: Adjusting to the Global Economy
Remarks by Anoop Singh
Director, Western Hemisphere Department 
International Monetary Fund 
At a seminar on Developmental Challenges Facing the Caribbean
Port of Spain, Trinidad and Tobago
June 11, 2004 



[This is a conference announcement, but the the presentations are on
target, so I included it on the list]
http://lacworkshop.ingenio.org.uy/pages/agenda.htm
Promoting Innovation and Entrepreneurship In Latin America and the Caribbean


http://www.caricom.org/jsp/single_market/caribbean_connect/09%20Gerard%20Pemberton%20Promotion%20of%20SME%20Cross-Border%20Activities%20day%20one.ppt
CARIBBEAN CONNECT 
A HIGH LEVEL SYMPOSIUM ON THE CARIBBEAN SINGLE MARKET AND ECONOMY -
28-30 JUNE 2006



http://www.utoronto.ca/plac/book_2.html
Critical Issues in International Financial Reform with Special
Reference to Latin America and the Canadian Experience
by Albert Berry and Gustavo Indart (editors). New Brunswick, NJ:
Transaction Publishers, 2003.



http://www.utoronto.ca/plac/pdf/Conf_5_financial/Guerguil-web.pdf
Capital Flows to LAC in the 1990s: Overall Trends and Policy
Implications by Martine Guerguil International Monetary Fund



http://wbln0018.worldbank.org/LAC/LACInfoClient.nsf/1daa46103229123885256831005ce0eb/988b842b8fd478d085256d5c0072b468/$FILE/JYermo_CapMarketDevelopment.pdf
?Pension Reform And Capital Market Development?
OFFICE OF THE CHIEF ECONOMIST,
LATIN AMERICA AND CARIBBEAN REGION,
THE WORLD BANK
BACKGROUND PAPER FOR REGIONAL STUDY ON SOCIAL SECURITY REFORM



http://www.eccb-centralbank.org/PDF/governor%20speech-22-10-2001.pdf
The Evolution and Development of the Financial System in the
Eastern Caribbean Currency Union (ECCU)
By
Sir K Dwight Venner, Governor, ECCB
(22 October 2001)



http://www.prnewswire.co.uk/cgi/news/release?id=146842
Cayman Islands Government to Showcase Public Financial Reform and
Management Expertise to Caribbean Finance Leaders
25 May 2005



http://www.econ.yale.edu/alumni/reunion99/ocampo.htm
Consensus and Divergence on International Financial Reform
Presentation at Yale University
April 16-17, 1999
Josť Antonio Ocampo
Executive Secretary
United Nations Economic Commission for Latin America
and the Caribbean, ECLAC/CEPAL




Pretty much everything listed here seemed relevant
http://www.ccmsuwi.org/?q=node/107
CARIBBEAN CENTRE FOR MONETARY STUDIES



There's a lot of good material here, as well:
http://www.iadb.org/topics/subtopics.cfm?subtopicID=FIN&language=English&topicID=CM&parid=2&item1id=6
Inter-American Development Bank 

including:

 2006. Microfinance in Latin America and the Caribbean: Connecting
Supply and Demand

 2006. The International Emerging Bond Market Today - Chapter 5 of the
Economic and Social Progress in Latin America - IPES 2007

 2006. The Dawn of the Domestic Bond Market - Chapter 7 of the
Economic and Social Progress in Latin America - IPES 2007

 2006. Fiscal Sustainability in Latin America: Old and New Approaches;
Chapter 11 of the Economic and Social Progress in Latin America - IPES
2007


and:


http://www.iadb.org/topics/subtopics.cfm?subtopicID=BAN&language=English&topicID=CM&parid=2&item1id=2

 2006. Public Debt in Latin America and around the World - Chapter 2
of the Economic and Social Progress in Latin America - IPES 2007

 10/02/06. Improving Banking Supervision in Haiti 

 09/20/06. Local Currency Fund for Microfinance Institutions 



http://www.eccb-centralbank.org/Payment%20Systems/payment_index.asp
Eastern Caribbean Central Bank 
Payment Systems Overview



Many of the country-specific reports from the ECCB are relevant, as well:
http://www.eccb-centralbank.org/Publications/imfpapers.asp
Country and Regional Reports



I trust that list will fully meet your needs.  But if you find there's
anything else I can do for you, just let me know by posting a Request
for Clarification, and I'm at your service.


Cheers,

pafalafa-ga


search strategy -- Google searches on combinations of terms, including:


caribbean

financial

banking

fiscal

innovation

reform

Request for Answer Clarification by 101606-ga on 12 Nov 2006 09:55 PST
Hi pafalafa,
Terrific - thanks a lot and for the speed of reply. Could I just ask
if you can find a little more on financial innovation in other parts
of the developing world...i've read a couple of articles recently on
banks in south africa banking the unbanked through using cellphone
accounts as a way of transferring money to relatives, for example.
And then i'll push the button!
Thanks again - much appreciate your help here.
David

Clarification of Answer by pafalafa-ga on 12 Nov 2006 10:35 PST
David,

Glad to help.  

In case you aren't aware of this, the recently-awarded Nobel Peace
Prize went to the Grameen Bank and its founder.  The Bank is an
extremely influential innovation in financial models, as it provides
microcredit -- small loans of around $100 -- which enable
disenfranchised poor to start-up their own businesses.  A classic
example is having someone purchase a cell phone, which they then rent
out to their neighbors without phones, to contact relatives in the
city, etc.

You can read about the Nobel Prize here:


http://nobelprize.org/nobel_prizes/peace/laureates/2006/press.html


and there are links on this page to other resources as well.


Let me know if you need anything else on this.


paf
101606-ga rated this answer:4 out of 5 stars
many thanks - very useful and very fast reply

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