Lynch, D., 1996, “Measuring Financial Sector Development: A Study of Selected Asia-Pacific Countries,” The Developing Economies, XXXIV-1, March 1996.
Van Beek, F., J. Rosales, M. Zermeno, R. Randall, and J. Shepherd, 2000, The Eastern Caribbean Currency Union: Institutions, Performance, and Policy Issues, IMF Occasional Paper 195, International Monetary Fund, Washington DC.
Prepared by Jingqing Chai.
Some personal loans are used for productive purposes, for example, a car loan with a partial use as taxi, or a mortgage loan with a partial rental use.
Banking sector risks appear concentrated in locally-incorporated banks. The ECCB has placed local banks accounting for about 40 percent of ECCU banking assets on its watch list.
NPL ratios are over 20 percent for many local banks, and may be even higher if government arrears are accounted for in some countries, such as Antigua and Barbuda.