The imbalances spread almost instantaneously across the global financial system, as a result of the interconnectedness of financial institutions and markets. These patterns are not specific to the global financial crisis, as economic historians have documented.4 Typically, financial crises are preceded by booms where factors like high growth, innovation and increased risk taking interact.
We are therefore inviting commercial banks, the Barbados Stock Exchange, credit unions and other financial entities to come on board to provide technical and other assistance. We have organized a comprehensive sponsorship package. If you are interested in partnering with us and you wish to obtain more details about the partnerships, please contact Ms. Sadie Dixon at the Bank.