Kester Sherman Guy

Mr. Kester Guy is currently the Deputy Chief Executive Officer (CEO) – Supervision & Regulation at the Financial Services Commission (FSC) in Barbados, where he oversees that organisation’s core regulatory divisions – insurance, securities, credit unions and (occupational) pensions. The former Assistant Director-Research & Economic Analysis at the Central Bank of Barbados, also assists in the shaping of FSC’s strategic and supervisory direction.

Mr. Guy has an extensive background in economics and research, having assited his team at the Central Bank in the development and maintenance of a macro-prudential framework for assessing financial stability in Barbados and contributing to economic and financial policy formation through research. His professional development also included being CEO of Barbados Deposit Insurance Corporation, senior economist at the Central Bank of Barbados and economist at the Central Bank of Trinidad and Tobago.

This economics and financial analysis manager, balances his busy career with the duties of husband and father.


Recent Publications and Presentations

Peer Reviewer: “Fiscal Rules: Towards a New Paradigm for Fiscal Sustainability in Small States” Inter-American Development Bank Working Paper 2016

Research Associate – Caribbean Centre for Money and Finance Responsibilities: Advising the Centre on its research agenda and participating in its conferences, seminars and publications; contributions to specific research projects as a member of a research group

2013 Regime Switching Approach to Analysing Bank Non-performing Loans. The Business Review Cambridge, Vol 21, No.2, pp. 46-52. (with Tiffany Grosvenor)

2012 Industrial Shocks and Non-Performing Loans in Barbados. The Review of Finance and Banking, Vol. 04, No. 2, pp. 123-133. (with Mahalia Jackman and Anton Belgrave)

2012 Currency Substitution: Evidence from the Caribbean. Journal of Business, Finance, and Economics in Emerging Economies, Vol. 7, No. 1, pp. 1-20. (with Daniel Boamah, Alexis Lescott and Tiffany Grosvenor)

2012 Tracing the Liquidity Effects on Bank Stability in Barbados. Economic Review, Vol. XXXIX, Issue 1, pp. 19-36, Central Bank of Barbados. (with Shane Lowe)

2011 The Demand for Insurance in Latin America and the Caribbean. The Journal of Public Sector Policy Analysis, Vol. 5, pp. 22-51. (with Winston Moore and Shonette Bowen)

2011 Fiscal Multipliers in Microstates: Evidence form the Caribbean. International Advances in Economic Research, Vol. 18, pp 74-86. (with Anton Belgrave)

2011 Nonperforming Loans and Bank Stability in Barbados. Economic Review, Vol. XXXVII, Issue 3, pp. 77-99, Central Bank of Barbados. (with Shane Lowe)

2011 Nonperforming Loans in Barbados. Economic Review, Vol. XXXVII, Vol. 1, pp. 7-9, Central Bank of Barbados

2010 Fiscal Shocks: A Stabilization Tool in Barbados. The Journal of Public Sector Policy Analysis, Vol. 4, pp. 75-98. (with Anton Belgrave and Tracy Maynard)

2008 The Age of Turbulence: Adventures in a New World. (Book Review) Economic Review, Vol. XXXV, No. 3, Central Bank of Barbados.

Working Papers and Policy-based Research

  • Limitations of Monetary Policy: Implications for Central Banking in Barbados and Economic Policy Formulation

  • A Framework for Interest Rate Policy in Barbados

  • Currency Forecasting Framework in Barbados

  • Estimating a yield curve for Barbados

  • Pricing of commercial bank services in Trinidad and Tobago

  • Prospects for Liquidity absorption in the face of RBC takeover of RBTT

  • The development of the Alternative Finance Industry in Trinidad & Tobago

  • Baseline study of the Mutual Funds Industry in Trinidad & Tobago (published by the Securities and Exchange Commission of Trinidad & Tobago)