NAME OF EXPLORATION
Not regulated Financial Institutions and their impact on the Jamaican Economy.
The Jamaican Society continues to be overrun by an unmatched proliferation of unregulated finance institutions; what are the consequence of these corporations on the Jamaican economy?
PURPOSE OF RESEARCH
The purpose of the research is to decide the effects of these institutions within the Jamaican economy/society (individuals, controlled banking institutions, government). The objective is to obtain this information through the use of questionnaires and interviews. The targeted population test used will be investors inside the age group of 18-50 years from a wide cross-section of differing cultural classes.
RELEVANCE OF THE RESEARCH
The impact of the schemes within the economy to unsuspecting investors has been both positive and negative. The encouraging element for the vulnerable buyers was the enthusiasm for excessive returns prove investment. This kind of research can focus on these schemes, their very own effects around the economy, and a lesser magnitude the part they play in the lives of investors. It really is intended which the findings will assist:
1 . To further improve policy - by showing guidance towards the Financial Services Commission payment (FSC) in establishing or perhaps re-enforcing the requisite regulations. 2 . To add to existing study
3. To generate public awareness of the risks linked to investing
CENTRAL EXPLORATION QUESTION
Not regulated Financial Institutions and their impact on the Jamaican Overall economy.
1 . How did investing in Ponzi/Pyramid plans affect people's income or perhaps lifestyle? 2 . What had been the effects of these types of schemes on family lives?
3. Just how did this impact the regulated banking institutions? 4. Was your Financial Services Commission payment proactive in enforcing procedures to deal with these types of schemes? 5. What was the main motivating element for investing in these schemes? 6. What impact performed the returns/gains had around the Jamaican...