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This publication examines the developments of international capital flows into the Caribbean. It reviews the experience of the region in the 1990s with respect to both official and private capital flows. The major determinants of the flows are examined and the policy implications are identified and the impact of external flows on domestic savings is analyzed. The publication also examines the accessibility of international capital markets to regional economies and the role the Caribbean Development Bank could play in facilitating such access.
About exchange rate regimes
This paper analyses the recent development of pension funds in Brazil. It assesses the potential of pension funds to finance productive investment and discusses policies that could maximise this potential. The paper concludes that the effectiveness of pension funds to fund productive investment is dependent on: the macroeconomic environment; the degree of volatility of asset prices; market organisation and regulation and the existence of appropriate institutions to mediate between institutional investors and primary corporate securities markets.