01713cas a2200241 a 4500 AALejournalIMF001200 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849455 1018-5941 BD-DhAAL BD-DhAAL Hilaire, Alvin. Caribbean Approaches to Economic Stabilization / Alvin Hilaire. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the late 1980s Barbados, Guyana, Jamaica, and Trinidad and Tobago found themselves in severe economic difficulties. Their ensuing economic strategies were all market-based, featured fiscal contraction and trade liberalization, multilateral support loans and, later on, tax and financial sector reforms. However, exchange rate, monetary and public sector wage policies varied greatly. Choice of exchange rate regime was not as fundamental to successful stabilization as was fiscal action, complemented by, but without undue reliance on, monetary policy. The policies employed to reduce debt and to diversify the economic bases also help t lessen vulnerabilities to future economic shocks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/073 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/073/001.2000.issue-073-en.xml IMF e-Library