Titlebook: Developing Sustainable Balance of Payments in Small Countries; Lessons from Macroec Andre Haughton Book 2017 The Editor(s) (if applicable)

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urrency flows over time.Considers optimal level of net interThis book analyses Jamaica’s ability to satisfy its short and long run foreign currency obligations in light of recurrent balance of payment support from international lending agencies. Jamaica is one of the top five indebted nations in the

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Hans-Peter Füssel,Jürgen van Buerlosses to GDP growth amounted to little less than US $4.5 billion. The findings suggest that pursuing policies to stabilize the exchange rate can lead to favourable growth in GDP through a variety of channels.

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https://doi.org/10.1007/978-3-658-05894-4ng literature. Less developed financial systems and high inefficiency in the domestic economy results in misallocation of foreign capital in some instances. Investment and savings are important drivers for real GDP growth in the country. Efforts to increase national savings can also help capital formation, which is necessary for GDP growth.

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