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Full Description
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.
Contents
About the authors
Acknowledgements
Tables, figures and boxes
Abbreviations and acronyms
Pacific Island currencies
Preface
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



