Four innovations in monetary control  In the history of economic activity, the invention of money itself of course represents an extremely important innovation. Since then, there have been numerous innovations in monetary control. In what follows, I would like to start with four innovations that I consider particularly important in modern times.
What is clear, however, is that policymakers in the Caribbean must begin to rethink their policy strategy and consider more innovative approaches to financing in order to help solve their onerous debt dilemma. Here at home, certain domestic factors seem to suggest a cautiously optimistic outlook for 2013.