01784cas a2200277 a 4500 AALejournalIMF017910 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484320686 1018-5941 BD-DhAAL BD-DhAAL Alleyne, Trevor. Loss of Correspondent Banking Relationships in the Caribbean : Trends, Impact, and Policy Options / Trevor Alleyne, Jacques Bouhga-Hagbe, Thomas Dowling, Dmitriy Kovtun. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (46 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 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. Mode of access: Internet Bouhga-Hagbe, Jacques. Dowling, Thomas. Kovtun, Dmitriy. IMF Working Papers; Working Paper ; No. 2017/209 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/209/001.2017.issue-209-en.xml IMF e-Library