02069cas a2200277 a 4500 AALejournalIMF013813 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484307830 1018-5941 BD-DhAAL BD-DhAAL Ogawa, Sumiko. Financial Interconnectedness and Financial Sector Reforms in the Caribbean / Sumiko Ogawa, Joonkyu Park, Diva Singh, Nita Thacker. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (34 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 Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks. Mode of access: Internet Park, Joonkyu. Singh, Diva. Thacker, Nita. IMF Working Papers; Working Paper ; No. 2013/175 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/175/001.2013.issue-175-en.xml IMF e-Library