Product details

In February 1982, economists in the Central Bank of the island nation of Barbados realize that, at the current rate of loss of foreign reserves, the country faces bankruptcy in six months. This case tells the story of the challenges and efforts of Paul Cymba, a young economist in the Central Bank, who attempts to promote economic policy liberalization within a context of poor morale within the bank-and bomb threats from the public, which objects to the wage restraints and public layoffs advocated by the bank''s deputy governor. This partially disguised case allows discussion, through its treatment of Cymba''s situation, of economic policy analysis, as well as problems of organizational change.