Caribbean Economics Quarterly: Volume 12, Issue 3: Dealing with Debt in the Caribbean
Many countries in Latin America and (especially) the Caribbean have struggled with public indebtedness problems for decades, but some have transitioned to relatively low and stable debt levels based on the strengthening of fiscal institutions, and macroeconomic institutions more generally. Following on this year's Development in the Americas report, Dealing with Debt, this edition of the Caribbean Economics Quarterly examines the status of public debt sustainability in Caribbean countries. The regional chapter provides a primer on the analysis of public debt dynamics and a review of the recent literature on empirical approaches to debt sustainability. Country chapters provide additional details on country experiences in recent decades, as well as the current policy and institutional frameworks for managing public debt.