Vanuatu Background Paper

This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands whic...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Vanuatu  |b Background Paper 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1996 
300 |a 32 pages 
651 4 |a Samoa 
653 |a Depository Institutions 
653 |a Interest rates 
653 |a Economics 
653 |a Banks 
653 |a Finance 
653 |a Securities 
653 |a Banks and banking 
653 |a Financial services 
653 |a Micro Finance Institutions 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Mortgages 
653 |a Asset and liability management 
653 |a Deposit rates 
653 |a Liquidity 
653 |a Central banks 
653 |a Financial instruments 
653 |a Banks and Banking 
653 |a Investments: General 
653 |a Banking 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Central Banks and Their Policies 
653 |a Investment & securities 
653 |a Bank deposits 
653 |a Central bank bills 
653 |a Portfolio Choice 
653 |a Finance: General 
653 |a Investment Decisions 
653 |a Excess liquidity 
710 2 |a International Monetary Fund 
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490 0 |a IMF Staff Country Reports 
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520 |a This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands which have extraordinarily high credit demand from the government, these economies have large structural excess liquidity in the banking system. The paper describes the financial sector in the five economies and analyzes the background for large excess liquidity. It also reviews the developments of monetary instruments in these economies from a comparative perspective