The History of Banking in Trinidad

Why do strands dethaw? : A History of swear Failures and Acquisitions in Trinidad, 1836-1992 ABSTRACT The history of banking in Trinidad offers a gamy soldiers of banking failures and acquisitions from which policymakers can draw lessons. Using the historical approach, this paper examines the determinants of single(a) bank failures and acquisitions in Trinidad during the period 1836 to 1992. The historical approach is facilitative for study the origins of banking failures since it takes a long-term perspective. Second, by focussing on finicky events, the historical approach isolates the extremes of the problem, not to be preoccupy by arguments over the efficiency or desirability of particular policies for specific current problems. The historical perspective therefore, helps to forfend the mistake of diagnosing the symptoms of a problem for its causes. This paper argues that bank failure and acquisitions reply from poor responsiveness to market gramm atical construction and the agonistical environment, lax lending and investment behaviour of banks, ineffective recruitment and retention of staff, government intervention and financial instability.

Keywords: imprecate failures; rim Acquisitions; Trinidad Sean Ng Wai University of the West Indies Department of History Introduction As the hit economic crisis in decades continues to take its toll, many banks volition disappear from the market because of failure or by dint of integration with otherwise banks. Bank failure occurs when a bank is otiose to undertake its obligations to its depositors or other creditors, owing to unwarranted depositor withdrawals during events charact! erised by infection or panic, or as a upshot of fundamental bank insolvency. In an attempt to avert imminent failure, nigh banks may consolidate their operations with other banks through acquisitions or mergers. An acquisition usually refers to an arms continuance deal, with the shares of the behind firm being...If you want to get a panoptic essay, cabaret it on our website: OrderEssay.net

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