Curriculum Vitae For Roland Clairmonte Craigwell

CURRICULUM VITAE OF STACIA P. HOWARD

PERSONAL DETAILS

Home Address: Date of Birth: August 5, 1980 #3 Buckley Close St. George Nationality: Barbadian Barbados, W.I. Tel: (246) 253-4442 (C)/436-6870 (W) Marital Status: Single E-Mail: [email protected] (H) [email protected] (W) ______UNIVERSITY EDUCATION

1999-2003 Ma. International Business and Languages (Upper Second Class Honours), Heriot-Watt University, Scotland, UK

Business Studies included: Management, Marketing, Human Resource Management, Accounting, Economics, Finance and Quantitative Techniques for Business in the first two years of the degree. During the Third Year, in addition to Marketing and Management courses such as Sectoral Marketing and Management Strategies and Market Research, I studied a wide range of Finance courses. Of particular note are Company Valuation, Financial Mathematics and Stock Market Analysis. Final Year courses included International Business Strategies, Retail Studies, Logistics and Supply Chain Management and Management and Marketing of Small and Medium sized Enterprises.

Language studies included: Liaison Interpreting, Translation studies, Summary and Report Writing, Presentation Skills, Negotiation Skills and studying Spanish Speaking countries. As part of the degree, I was- required to spend the third year in Spain perfecting my language skills. ______PROFESSIONAL EMPLOYMENT

2009-Present Senior Economist, Central Bank of Barbados, Barbados. Main Responsibilities: Head of Financial Unit As the economist responsible for the Financial Sector, my operational duties include monitoring and reporting on developments, advising on the collection and dissemination of monetary and financial statistics as well as the subsequent analysis of the statistics, preparing reports to advise the Governor and Board of Directors of the Central Bank, the Prime Minister and other relevant parties on monetary policy and the development of the financial sector, liaising with external publics on activities within the financial sector and forecasting key variables. I frequently liaise with other departments within the bank, especially the Bank Supervision, Foreign Exchange and Export Credits Department and Banking, Currency and Investments departments, as well as various contacts within the sector. As head of the unit, I supervise the two other economists.

Additional Duties: Conferences From time to time, I am involved in the organization of conferences to be held by the Bank. In 2008, I headed the team that coordinated the Research Department’s Annual Review Seminar and Tribute to Professor Roland Craigwell and was responsible for all aspects of both events. I am currently second in command to the organiser of the one-day seminar on “Governance and Regulation of the Financial Sector – Post Meltdown: What has changed?” to be held on October 14, 2009. In addition to supporting the coordinator of the event, I am also charged with communications with the speakers, writing some of the press releases and managing the registration process.

Additional Duties: Committees and Projects I currently sit on a number of key committees within the Bank, including the Economic Policy Committee, the Financial Market Stability Committee and the Investment Committee. I also am responsible for the content and operation of the economic content of the Bank’s Business Intelligence Solution, an integrated database system, as well as the revision and introduction of the new reporting forms to the Bank’s licensees. These latter two functions form part of the

of 4 implementation of a financial database and I am responsible for general oversight of its development. Finally, I sit on both the Steering Committee as well as the Technical Delivery Sub- Committee of the recently launched National Financial Education Programme of the Bank. In addition to my work within the Bank, I sit on the Sustainable Finance Group of Barbados, which was organised by the Ministry of the Environment and comprises of members of the financial services sector.

Additional Duties: Training A key part of my job involves public education. As such, I frequently give lectures to school children as part of the Bank’s Schools Lecture Program and have presented to members of the media on Monetary Policy as part of a one-day training course organised by the Bank. One of my duties as part of the National Financial Education Program is also to conduct some of the lectures. Finally, I frequently conduct training for members of staff in the area of statistics, forecasting and analysis of the financial sector.

2006.2009 Economist, Central Bank of Barbados, Barbados. Main responsibilities: Head of the financial unit, which involved supervising two members of staff, writing reports on the financial sector and training persons on the area as necessary.

2004.2006 Research Officer, Central Bank of Barbados, Barbados. Main responsibilities: The surveillance of regional economic activity, supporting the economists monitoring international and trade-related events and member of the Trade Unit

2004.2004 Pension Administrator, Sagicor Life Inc., Barbados Ma in responsibilities: Administration of the pension funds of a portfolio of clients, including preparing benefit quotations, advising on the design of plans, performance reports and any other related duties. ______TRAINING 2009 Government of the United States of America, International Visitors’ Leadership Programme – Accountability in Government and Business, various states within the U.S.A.

2008 Government of Barbados, UNEP and the Barbados Bankers’ Association, Workshop on Environmental and Social Risk, Barbados

Centre for Latin American Studies, Open Market Operations Course, Barbados

2007 International Monetary Fund, Financial Programming and Policies Course, Washington D.C., USA

International Monetary Fund, Monetary and Financial Statistics Course, Barbados

2006 Caribbean Credit Rating Agency, Credit Risk Course, Barbados

Bloomberg, Course on using Bloomberg, Barbados

2005 Office of the Supervisor of Financial Institutions (Canada), Capital Market Risk Course, Barbados

2004-2008 Central Bank of Barbados, Various in-house training courses on economic policy, econometrics, forecasting, written communication skills and statistics. ______PUBLICATIONS Academic Papers

of 4 2009 “Stress Testing With Incomplete Data: A Practical Guide”, IFC Bulletin No. 31 Measuring Financial Innovation and Its Impact, Bank for International Settlements, pp. 344-355

“The Evolution of the Barbadian Financial System”, forthcoming in The Financial Evolution of the Caribbean Community Second Edition, Caribbean Centre for Money and Finance

2008 “The Demand for Housing in Barbados”, forthcoming in Journal of Social and Economic Studies, 2008 (with Denny Lewis-Bynoe and Xiomara Archibald).

2007 “Competition in the Commercial Banking Industry in Barbados”, in R. Craigwell, K. Greenidge and M. Williams (Editors), Aspects of Financial Liberalisation and Capital Market Development in the Caribbean, Central Bank of Barbados, Barbados, pp. 223-248 (with Roland Craigwell, Chanelle Maxwell and Tracy Maynard).

Book Reviews 2005 “The Mind and the Market, Capitalism in Modern European Thought”, Central Bank of Barbados Economic Review, Vol. XXXII, No. 1, pp. 35-38. ______REGIONAL AND INTERNATIONAL SEMINARS AND CONFERENCES 2009 3rd Biennial International Conference on Business, Banking and Finance “Financial Services in Emerging Economies: Surviving the Global Economic Meltdown”, St. Augustine, Trinidad and Tobago, May 27 – 29.

Caribbean Development Bank seminar “Growth and Development Strategies in the Caribbean”, Bridgetown, Barbados, September 15-16

2008 Caribbean Development Bank, Inter-American Development Bank, International Monetary Fund and World Bank seminar “Global Financial Crisis and the Caribbean – Impact and Response”, Bridgetown, Barbados, December 3.

BIS Conference “Measuring the Impact of Financial Innovations”, Basel, Switzerland, August 26-27.

12th Annual Senior Level Policy Seminar, Port-of-Spain, Trinidad and Tobago, May 12.

2006 38th Annual Monetary Studies Conference, Bridgetown, Barbados, November 1-4. ______UNPUBLISHED PAPERS AND WORK IN PROGRESS

“ Credit Booms and Busts in the Caribbean” submitted to Applied Economics (with Denny Lewis-Bynoe and Winston Moore).

“Convergence of Caribbean Stock Exchanges”, (with Roland Craigwell).

“Realised Volatility on the Barbados Stock Exchange”, (with Roland Craigwell and Hyginus Leon).

“Climate Change on Tourism Features in the Caribbean”, submitted to Annals of Tourism Research (with Denny Lewis-Bynoe and Winston Moore).

“The Impact of the DR-CAFTA Agreement on the Caribbean”, (with Denny Lewis-Bynoe and Kerry-Ann Alleyne).

“The Potency of Economic and Financial Indicators in Predicting Economic Recessions in the Caribbean”, CBB WP (with Alwyn Jordan). ______OTHER PROFESSIONAL ACTIVITIES 2008 FirstCaribbean International Bank (sponsor) – Survey of Mutual Fund Managers

CERMES - Research Project on the Impact of Climate Change on the Barbadian Tourism Sector

2006 Ministry of Economic Affairs (Barbados) – Research Project on the Cost of Capital in Small

of 4 Businesses in Barbados

2005 Youth Entrepreneurship Scheme – Research Project on Benchmarking Youth-Owned Small Business in Barbados ______SKILLS Competent in several computer software packages including AREMOS, BLOOMBERG, INTERNET, WORD, EXCEL and PUBLISHER.

Fluent in Spanish and Written Competency in French. ______

References can be provided upon request.