This is no small task. Thus far, apart from managing the fall-out from the crisis, efforts have been made to strengthen banking systems. A good deal of work has also occurred to improve capital markets, particularly bond markets.
Perversely, because Caribbean capital markets are not yet very deep, capital flows tend to be less volatile, so for the time being, there is no evidence of excessive volatility in the capital markets of most of the Englishspeaking Caribbean, though there is greater volatility in Jamaica than in the rest of the Caribbean.