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The study examines how institutional framework provided varying degrees of constraints on monetary policy and economic performance in 12 Caribbean economies. A univariate analysis is used on the price variables to conduct a comparative analysis on the persistence of inflation. [ABSTRACT FROM AUTHOR]

Examines the convergence experience of selected Caribbean countries. Evidence of reduced dispersion in real per capita income; Data and descriptive statistics on regional growth; Structural instability and evidence of divergence over the sample period; Institutional structures and adjustment to economic shocks.