Session 1
Watch Replay8:30 AM - 9:00 AM Opening Ceremony & Panel Discussion
8:30am – 8:40am: Opening Remarks
Speaker: Mr. Richard Byles, Governor, Bank of Jamaica
8:40am – 8:45am: Welcome Remarks
Speaker: Dr. Dorian Noel, Head Secretariat, Caribbean Economic Research Team
8:45am – 9:00am: Welcome Remarks
Speaker: Dr. The Honourable Nigel Clarke, Minister of Finance & the Public Service Jamaica
Speaker: Mr. Richard Byles, Governor, Bank of Jamaica
8:40am – 8:45am: Welcome Remarks
Speaker: Dr. Dorian Noel, Head Secretariat, Caribbean Economic Research Team
8:45am – 9:00am: Welcome Remarks
Speaker: Dr. The Honourable Nigel Clarke, Minister of Finance & the Public Service Jamaica
9:00 AM - 11:00 AM FinTech & Digital Finance for the Caribbean
Chairperson: Ms. Leila Search, International Finance Corporation
9:00am – 9:45am: Digital Banking Experience in Latin America
Speaker: Mr. Victor Loyola & Mr. Rafael Carvalho, BancoNeon, Brazil & Klar, Mexico
9:45am – 10:00am: Discussion and Comments
10:00am – 10:45am: Payment Systems Reforms & Open Banking
Speaker: Mr. Vinicius Carrasco & Mr. Antonio Soares, STONE, Brazil & DOCK, Brazil
10:45am – 11:00am: Discussion and Comments
Session 1 Closing
Speaker: Mr. Victor Loyola & Mr. Rafael Carvalho, BancoNeon, Brazil & Klar, Mexico
9:45am – 10:00am: Discussion and Comments
10:00am – 10:45am: Payment Systems Reforms & Open Banking
Speaker: Mr. Vinicius Carrasco & Mr. Antonio Soares, STONE, Brazil & DOCK, Brazil
10:45am – 11:00am: Discussion and Comments
Session 1 Closing
Session 2
11:30 AM – 1:00 PM Climate Change: Impact on Monetary Policy & the External Accounts
Chairperson: Professor Winston Moore, UWI, Cave Hill
Chairperson: Professor Winston Moore, UWI, Cave Hill
11:30am – 11:50am: Guadeloupe Facing Climate Change: On Stylized Facts and Macroeconomic Consequences
Speaker: Mr. Alain Maurin, Guadeloupe | Discussant: Mr. Kino Morris, Bank of Jamaica
11:50am – 12:10pm: The Impact of Climate Change on Trinidad & Tobago’s Balance of Payments
Speaker: Mr. Kester Thompson, Central Bank of Trinidad & Tobago | Discussant: Dr. Daren Conrad, UWI, St. Augustine
12:10pm – 12:30pm: Incorporating Climate Risks in Monetary Policy Frameworks: Initial Considerations
Speaker: Mr. Stefan Edwards, Central Bank of Trinidad & Tobago | Discussant: Dr. Eric Strobl, University of Bern, Bank of Jamaica
12:30pm – 12:45pm: Natural Disasters and Financial Stability in the Caribbean
Speaker: Dr. Dave Seerattan, UWI, St. Augustine
12:45pm – 1:00pm: Discussion and Comments
Session 2 Closing
Speaker: Mr. Alain Maurin, Guadeloupe | Discussant: Mr. Kino Morris, Bank of Jamaica
View Paper11:50am – 12:10pm: The Impact of Climate Change on Trinidad & Tobago’s Balance of Payments
Speaker: Mr. Kester Thompson, Central Bank of Trinidad & Tobago | Discussant: Dr. Daren Conrad, UWI, St. Augustine
12:10pm – 12:30pm: Incorporating Climate Risks in Monetary Policy Frameworks: Initial Considerations
Speaker: Mr. Stefan Edwards, Central Bank of Trinidad & Tobago | Discussant: Dr. Eric Strobl, University of Bern, Bank of Jamaica
12:30pm – 12:45pm: Natural Disasters and Financial Stability in the Caribbean
Speaker: Dr. Dave Seerattan, UWI, St. Augustine
12:45pm – 1:00pm: Discussion and Comments
Session 2 Closing
Session 3
2:30 PM – 4:05 PM Macroeconomic Vulnerabilities and Responses to Shocks
Chairperson: Professor Winston Moore, UWI, Cave Hill
Chairperson: Professor Winston Moore, UWI, Cave Hill
2:30pm – 2:50pm: Business Unusual: Towards Export Diversification for Sustainable Growth & Development in SIDS
Speaker: Mr. Jaron Boyce, Caribbean Development Bank | Discussant: Ms. Patrice Borda, Université des Antilles and CREDDI
2:50pm – 3:10pm: The Effects of Macroeconomic Shocks on Formal Employment
Speaker: Mr. Devon Gladden, Bank of Belize | Discussant: Dr. Tarron Khemraj, New College of Florida
3:10pm – 3:30pm: The Emigration of Caribbean Labourers’ Effect on Economic Growth
Speaker: Ms. Abigail D. Knowles, Central Bank of The Bahamas | Discussant: Dr. Alvin Harris, Bank of Jamaica
3:30pm – 3:50pm : Drivers of Commercial Banks Interest Rate Spread: Empirical Evidence from Suriname
Speaker: Ms. Xanegay Huur, Central Bank of Suriname | Discussant: Dr. Seerattan, UWI, St. Augustine
3:50pm – 4:05pm: Discussion and Comments
Session 2 Closing
Speaker: Mr. Jaron Boyce, Caribbean Development Bank | Discussant: Ms. Patrice Borda, Université des Antilles and CREDDI
2:50pm – 3:10pm: The Effects of Macroeconomic Shocks on Formal Employment
Speaker: Mr. Devon Gladden, Bank of Belize | Discussant: Dr. Tarron Khemraj, New College of Florida
3:10pm – 3:30pm: The Emigration of Caribbean Labourers’ Effect on Economic Growth
Speaker: Ms. Abigail D. Knowles, Central Bank of The Bahamas | Discussant: Dr. Alvin Harris, Bank of Jamaica
3:30pm – 3:50pm : Drivers of Commercial Banks Interest Rate Spread: Empirical Evidence from Suriname
Speaker: Ms. Xanegay Huur, Central Bank of Suriname | Discussant: Dr. Seerattan, UWI, St. Augustine
3:50pm – 4:05pm: Discussion and Comments
Session 2 Closing
Session 4
4:05 PM – 5:35 PM Macroeconomic Vulnerabilities and Responses to Shocks
Chairperson: Ms. Carey-Anne Williams, Bank of Jamaica
4:05pm – 4:25pm: Is Exchange Rate Pass-Through to Prices in Jamaica Non-Linear
Speaker: Ms. Cappriece Clarke, Bank of Jamaica | Discussant: Collin Constantine, Girton College, University of Cambridge
4:25pm – 4:40pm: Financial Dollarization and Exchange Rate Dynamics: The Case of Jamaica
Speaker: Mr. Collin Constantine, Girton College, University of Cambridge
4:40pm – 5:00pm: Capital Outflow Restrictions and Dollar Drainage
Speaker: Dr. Oronde Small, Bank of Jamaica | Discussant: Mr. Alain Maurin, Guadeloupe
5:00pm – 5:20pm: A Model of Macroprudential Frictions for Indirect Monetary Policy in The Bahamas
Speaker: Mr. Jamere McIntosh, Central Bank of The Bahamas | Discussant: Dr. DeLisle Worrel, Central Bank of Barbados
5:20pm – 5:35pm: Discussion and Comments
Session 4 Closing
Chairperson: Ms. Carey-Anne Williams, Bank of Jamaica
4:05pm – 4:25pm: Is Exchange Rate Pass-Through to Prices in Jamaica Non-Linear
Speaker: Ms. Cappriece Clarke, Bank of Jamaica | Discussant: Collin Constantine, Girton College, University of Cambridge
4:25pm – 4:40pm: Financial Dollarization and Exchange Rate Dynamics: The Case of Jamaica
Speaker: Mr. Collin Constantine, Girton College, University of Cambridge
4:40pm – 5:00pm: Capital Outflow Restrictions and Dollar Drainage
Speaker: Dr. Oronde Small, Bank of Jamaica | Discussant: Mr. Alain Maurin, Guadeloupe
5:00pm – 5:20pm: A Model of Macroprudential Frictions for Indirect Monetary Policy in The Bahamas
Speaker: Mr. Jamere McIntosh, Central Bank of The Bahamas | Discussant: Dr. DeLisle Worrel, Central Bank of Barbados
5:20pm – 5:35pm: Discussion and Comments
Session 4 Closing
Session 5
9:00 AM – 10:35 AM Restoring Fiscal Substantiality: Lessons for Small Island Developing
States
Chairperson: Mr. Anton Belgrave, Central Bank of Barbados
9:00am – 9:20am: Should the Caribbean Catastrophe Risk Insurance Facility be Expanded?
Speaker: Dr. Eric Strobl, University of Bern | Discussant: Mr. Stefan Edwards, Central Bank of Trinidad & Tobago
9:20am – 9:40am: Macroeconomic Effects of Oil Price Fluctuations in a Small Oil Exporting Economy
Speaker: Dr. Daren Conrad, UWI, St. Augustine | Discussant: Ms. Cappriece Clarke, Bank of Jamaica
9:40am – 10:00am: Complementarity (Substitutability) of Goods: In the Search of a Positive Government Spending Multiplier
Speaker: Mr. Patrice Borda, University of The Antilles | Discussant: Mr. Dindial Ramrattan, Caribbean Development Bank
10:00am – 10:20am: Fiscal Discipline: Implications for Capital Market Development
Speaker: Mr. Jermaine Burrell, Jamaica Money Market Brokers Ltd. | Discussant: Mr. Jermaine Samuels, Bank of Jamaica
10:20am – 10:35am: Discussion and Comments
Session 5 Closing
Chairperson: Mr. Anton Belgrave, Central Bank of Barbados
9:00am – 9:20am: Should the Caribbean Catastrophe Risk Insurance Facility be Expanded?
Speaker: Dr. Eric Strobl, University of Bern | Discussant: Mr. Stefan Edwards, Central Bank of Trinidad & Tobago
9:20am – 9:40am: Macroeconomic Effects of Oil Price Fluctuations in a Small Oil Exporting Economy
Speaker: Dr. Daren Conrad, UWI, St. Augustine | Discussant: Ms. Cappriece Clarke, Bank of Jamaica
9:40am – 10:00am: Complementarity (Substitutability) of Goods: In the Search of a Positive Government Spending Multiplier
Speaker: Mr. Patrice Borda, University of The Antilles | Discussant: Mr. Dindial Ramrattan, Caribbean Development Bank
10:00am – 10:20am: Fiscal Discipline: Implications for Capital Market Development
Speaker: Mr. Jermaine Burrell, Jamaica Money Market Brokers Ltd. | Discussant: Mr. Jermaine Samuels, Bank of Jamaica
10:20am – 10:35am: Discussion and Comments
Session 5 Closing
Session 6
11:05 AM – 12:30 PM Financial Stability During and After Crises
Chairperson: Dr. Alan Wright, Central Bank of the Bahamas
11:05am – 11:25am: Macroprudential Liquidity Stress Test: An application to Jamaican Deposit Taking Institutions
Speaker: Mr. Kino Morris, Bank of Jamaica | Discussant: Mr. Devon Gladden, Central Bank of Belize
11:25am – 11:45am: What Drives Potential Loan Losses in Jamaica?
Speaker: Mrs. Katherine Bell, Bank of Jamaica | Discussant: Vangie Bhagoo-Ramrattan, First Citizens Economic Research Unit
11:45pm – 12:05pm: Covid-19 and the Usage of Digital Currencies
Speaker: Professor Winston Moore, UWI, Cave Hill | Discussant: Ms. Abigail Knowles, Central Bank of The Bahamas
10:20am – 10:35am: Discussion and Comments
Session 6 Closing
Chairperson: Dr. Alan Wright, Central Bank of the Bahamas
11:05am – 11:25am: Macroprudential Liquidity Stress Test: An application to Jamaican Deposit Taking Institutions
Speaker: Mr. Kino Morris, Bank of Jamaica | Discussant: Mr. Devon Gladden, Central Bank of Belize
11:25am – 11:45am: What Drives Potential Loan Losses in Jamaica?
Speaker: Mrs. Katherine Bell, Bank of Jamaica | Discussant: Vangie Bhagoo-Ramrattan, First Citizens Economic Research Unit
11:45pm – 12:05pm: Covid-19 and the Usage of Digital Currencies
Speaker: Professor Winston Moore, UWI, Cave Hill | Discussant: Ms. Abigail Knowles, Central Bank of The Bahamas
10:20am – 10:35am: Discussion and Comments
Session 6 Closing
Session 7
2:00 PM – 3:35 PM Inclusive & Resilient Growth: Policies Towards Long-run Development
Chairperson: Mr. Lance Rochester, Bank of Jamaica
2:00pm – 2:20pm: Growthless Jobs: The Paradox of Rising and Stagnant Output Employment
Speaker: Mr. Ronaldo Blake, Caribbean Policy Research Institute | Discussant: Mr. Jamere McIntosh, Central Bank of The Bahamas
2:20pm – 2:40pm: Real Exchange Rate and Economic Activity in Jamaica
Speaker: Dr. Alvin Harris, Bank of Jamaica | Discussant: Ms. Xanegay Huur, Centrale Bank van Suriname
2:40pm – 3:00pm: Structural Change and Sectoral Interconnectedness in Two Resource-abundant Economies
Speaker: Dr. Tarron Khemraj, New College of Florida | Discussant: Mr. Steven Smith, Jamaica Productivity Centre
3:00pm – 3:20pm: Work in the Shadows: Understanding the Relationship between Informal & Formal Labour Markets in a SID
Speaker: Ms. Shekira Thompson, Central Bank of Barbados | Discussant: Mr. Jermaine Burrell, Jamaica Money Market Brokers Limited
End-Stage Renal Disease Prevention in Barbados-Direct Cost-Saving Model
3:20pm – 3:35pm: Discussion and Comments
Session 7 Closing
Chairperson: Mr. Lance Rochester, Bank of Jamaica
2:00pm – 2:20pm: Growthless Jobs: The Paradox of Rising and Stagnant Output Employment
Speaker: Mr. Ronaldo Blake, Caribbean Policy Research Institute | Discussant: Mr. Jamere McIntosh, Central Bank of The Bahamas
2:20pm – 2:40pm: Real Exchange Rate and Economic Activity in Jamaica
Speaker: Dr. Alvin Harris, Bank of Jamaica | Discussant: Ms. Xanegay Huur, Centrale Bank van Suriname
2:40pm – 3:00pm: Structural Change and Sectoral Interconnectedness in Two Resource-abundant Economies
Speaker: Dr. Tarron Khemraj, New College of Florida | Discussant: Mr. Steven Smith, Jamaica Productivity Centre
3:00pm – 3:20pm: Work in the Shadows: Understanding the Relationship between Informal & Formal Labour Markets in a SID
Speaker: Ms. Shekira Thompson, Central Bank of Barbados | Discussant: Mr. Jermaine Burrell, Jamaica Money Market Brokers Limited
End-Stage Renal Disease Prevention in Barbados-Direct Cost-Saving Model
3:20pm – 3:35pm: Discussion and Comments
Session 7 Closing
Session 8
3:35 PM – 5:10 PM Inclusive & Resilient Growth: Policies Towards Long-run Development
Chairperson: Julia Jhinkoo-Ramdass, Central Bank of Trinidad & Tobago
3:35pm – 3:55pm: A Theory of Development in the Small Open Economy
Speaker: Dr. DeLisle Worrell, Central Bank of Barbados | Discussant: Dr. Oronde Small, Bank of Jamaica
3:55pm – 4:15pm : Impact of Monetary Policy on Firm Entry and Productivity in Jamaica
Speaker: Mr. Steven Smith, Jamaica Productivity Centre | Discussant: Professor W. Moore, UWI, Cave Hill
4:15pm – 4:35pm: Revisiting the Money Demand Function in Suriname
Speaker: Nancy Ong A Kwie-Jurgens, Central Bank of Suriname | Discussant: Mrs. Katherine Bell, Bank of Jamaica
4:35pm – 4:55pm: Growth, Inflation and Private Sector Credit in Trinidad & Tobago: Evidence from an ARDL-Bounds Testing Approach
Speaker: Vangie Bhagoo-Ramrattan, First Citizens Economic Research Unit | Discussant: Mr. Kester Thompson, Central Bank of Trinidad and Tobago
4:55pm – 5:10pm: Discussion and Comments
Session 8 Closing
Chairperson: Julia Jhinkoo-Ramdass, Central Bank of Trinidad & Tobago
3:35pm – 3:55pm: A Theory of Development in the Small Open Economy
Speaker: Dr. DeLisle Worrell, Central Bank of Barbados | Discussant: Dr. Oronde Small, Bank of Jamaica
3:55pm – 4:15pm : Impact of Monetary Policy on Firm Entry and Productivity in Jamaica
Speaker: Mr. Steven Smith, Jamaica Productivity Centre | Discussant: Professor W. Moore, UWI, Cave Hill
4:15pm – 4:35pm: Revisiting the Money Demand Function in Suriname
Speaker: Nancy Ong A Kwie-Jurgens, Central Bank of Suriname | Discussant: Mrs. Katherine Bell, Bank of Jamaica
4:35pm – 4:55pm: Growth, Inflation and Private Sector Credit in Trinidad & Tobago: Evidence from an ARDL-Bounds Testing Approach
Speaker: Vangie Bhagoo-Ramrattan, First Citizens Economic Research Unit | Discussant: Mr. Kester Thompson, Central Bank of Trinidad and Tobago
4:55pm – 5:10pm: Discussion and Comments
Session 8 Closing
36th Adlith Brown Memorial Lecture
Speaker: Professor Avinash Persaud, Chair, CARICOM Commission on the Economy Emeritus Professor of Gresham College
Speaker: Professor Avinash Persaud, Chair, CARICOM Commission on the Economy Emeritus Professor of Gresham College
Governing During Challenging Times Governors’ Panel Discussion
Chairperson: Mr. Richard Byles, Governor, Bank of Jamaica
Closing Remarks
Chairperson: Mr. Richard Byles, Governor, Bank of Jamaica
Closing Remarks