The Cayman Islands Currency Board and the Cayman Islands Monetary Authority

Edward Li ()
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Edward Li: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 61, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: The Cayman Islands has operated under a currency board since 1971. The currency board expanded into a financial regulatory authority in 1996. We compile annual balance sheet and income statements for the Cayman Islands Currency Board and subsequently, the Cayman Islands Monetary Authority. The digitized data allow us to run statistical tests to measure the orthodoxy of the currency board. We also examine the Cayman Island Monetary Authority’s responsibilities as a financial regulator and how they compare to the responsibilities of the original currency board.

Keywords: Cayman Islands; currency board; monetary authority (search for similar items in EconPapers)
JEL-codes: E58 N16 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-09
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0061

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