Money must be trusted by the public to be a constant yardstick of value, otherwise it will not be acceptable as a means of exchange, and cannot continue to serve as a store of value. The many disadvantages of inflation are well-known. High inflation distorts the allocation of resources and favours investment in non-productive hedge assets.
As you know, the favored form of organization for the large financial institutions in the Caribbean is the conglomerate or holding-company structure. Unfortunately, up to now, most regional regulators do not have supervisory authority over bank holding companies.