Download or read book Economic Resilience with An Exchange Rate Peg written by Harold Codrington and published by International Monetary Fund. This book was released on 2003-08-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the institutional arrangements for exchange rate targeting in Barbados and the critical role they played in the policy response to its balance of payments crisis of 1991-92. The framework featured ongoing cooperation between the central bank and the Ministry of Finance, and the use of a forecast model which highlighted the size of fiscal adjustment needed to secure foreign reserves adequate to maintain the exchange rate peg.