When the cycle is moving upward under benign economic and financial conditions, the amplification process between maturity mismatches and asset prices takes place very gradually but steadily, and, in any case, the risks in the financial system are unlikely to manifest themselves. Once the cycle is reversed, however, the situation deteriorates suddenly. Maturity mismatches exaggerate the shortage in funding liquidity.
The book refers to the many staff who worked at or with international organizations. In her recollections, former Governor, Dr. Marion Williams, recalls candidly her experience in defending Barbados and other small islands in the international arena on significant issues that posed severe threats to our very survival. Together, these revelations show how we represented our country beyond these shores.