Issues in Monetary and Fiscal Policy in Small Developing States

A Case Study of the Pacific

Paperback: £50.00

Issues in Monetary and Fiscal Policy in Small Developing States

Publication date: 11 October 2011
Size: 240mm x 165mm
ISBN: 978-1-84929-062-3
Pages: 142

This study examines how monetary and fiscal policies are implemented in Pacific small states and the impact on growth and development in these countries. It carefully sets out both the policy and institutional constraints in monetary and fiscal policy management, provides case study examples of policy implementation in practice, and suggests policy options that can be used by these countries.

ContentsExpand or collapse me
About the authors
Tables, figures and boxes
Abbreviations and acronyms
Pacific Island currencies

1. Monetary Policy Transmission Mechanisms in Pacific Island Countries by TK Jayaraman
1.1 Background
1.2 Policy strategies
1.3 Empirical evidence in Pacific island countries
1.4 Financial sectors in PICS

2. Fiscal Policy Frameworks in Pacific Island Countries by Paresh Narayan
2.1 Introduction
2.2 Key issues and lessons learned
2.3 Fiscal policy strategies in the PICs
2.4 Country case studies
2.5 Financial crisis and the PICs
2.6 Conclusions and recommendations

3. Macroeconomic Performance in Six Pacific Island Countries by TK Jayaraman
3.1 Introduction
3.2 Fiji
3.3 Papua New Guinea
3.4 Samoa
3.5 Solomon Islands
3.6 Tonga
3.7 Vanuatu

Appendix 1. Monetary Policy Instruments: Chronological Developments
Appendix 2. Socio-economic Profile of PICs
About the contributors Expand or collapse me

T.K. Jayaraman (Author)

T.K. Jayaraman is an Associate Professor in the School of Economics, the University of the South Pacific. His current areas of research are aid effectiveness in Pacific island countries and regional economic integration with single economic space and a single currency.

Paresh Narayan (Author)

Professor Paresh Narayan is a Professor of Finance at Deakin University, Melbourne, Australia and an Adjunct Professor of Economics at the University of the South Pacific. He is also a consultant to a number of private and international institutions.