However, where current account deficits become very large, dependence on capital inflows can be precarious as experienced in the nineties by Latin America.
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.