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The Bahamas; Financial Sector Stability Assessment


  • International Monetary Fund


This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.

Suggested Citation

  • International Monetary Fund, 2013. "The Bahamas; Financial Sector Stability Assessment," IMF Staff Country Reports 13/101, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:13/101

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    References listed on IDEAS

    1. John Cairns & Corrinne Ho & Robert McCauley, 2007. "Exchange rates and global volatility: implications for Asia-Pacific currencies," BIS Quarterly Review, Bank for International Settlements, March.
    2. Martin Hohensee & Kyungjik Lee, 2006. "A survey on hedging markets in Asia: a description of Asian derivatives markets from a practical perspective," BIS Papers chapters,in: Bank for International Settlements (ed.), Asian bond markets: issues and prospects, volume 30, pages 261-281 Bank for International Settlements.
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