Jamaica Financial System Diagnostic and Recommendations ---Messrs Martin Naranjo Lander and Emilio Osmabela Zavala

The financial system of Jamaica has undergone several structural changes int he last decades. moving from a heavy foreign participation to nationalization, and from nationalization to privatization. Recently, the government has taken action with strong determination to provide consistency to the relationship of the financial system and its environment. Considerable resources were devoted to provide, through regulation, an incentive framework to minimize the problems of adverse selection and moral hazard inherent to any financial system