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Monetary Policies In The South Pacific Island Countries
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Book Synopsis Monetary Policy Transmission Mechanisms in Pacific Island Countries by : Mr.Jonathan C. Dunn
Download or read book Monetary Policy Transmission Mechanisms in Pacific Island Countries written by Mr.Jonathan C. Dunn and published by International Monetary Fund. This book was released on 2011-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the global financial crisis, central banks in Pacific island countries eased monetary policy to stimulate economic activity. Judging by the ensuing movements in commercial bank interest rates and private sector credit, monetary policy transmission appears to be weak. This is confirmed by an empirical examination of interest rate pass-through and credit growth. Weak credit demand and underdeveloped financial markets seem to have limited the effectiveness of monetary policy, but the inflexibility of exchange rates and rising real interest rates have also served to frustrate the central banks’ efforts despite a supporting fiscal policy. While highlighting the importance of developing domestic financial markets in the long run, this experience also points to the need to coordinate macroeconomic policies and to use all macroeconomic tools available in conducting countercyclical policies, including exchange rate flexibility.
Book Synopsis Unlocking Access to Climate Finance for Pacific Island Countries by : Ms. Manal Fouad
Download or read book Unlocking Access to Climate Finance for Pacific Island Countries written by Ms. Manal Fouad and published by International Monetary Fund. This book was released on 2021-09-24 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.
Book Synopsis Globalisation and Governance in the Pacific Islands by : Stewart Firth
Download or read book Globalisation and Governance in the Pacific Islands written by Stewart Firth and published by ANU E Press. This book was released on 2006-12-01 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Pacific Islands are feeling the effects of globalisation. Free trade in sugar and garments is threatening two of Fiji's key industries. At the same time other opportunities are emerging. Labour migration is growing in importance, and Pacific governments are calling for more access to Australia's labour market. Fiji has joined Samoa, Tonga, Tuvalu and Kiribati as a remittance economy, with thousands of its citizens working overseas. Meantime, Papua New Guinea and Solomon Islands grapple with an older kind of globalisation in which overseas companies exploit mineral and forest resources. The Pacific Islands confront unique problems of governance in this era of globalisation. The modern, democratic state often fits awkwardly with traditional ways of doing politics in that part of the world. Just as often, politicians in the Pacific exploit tradition or invent it to serve modern political purposes. The contributors to this volume examine Pacific globalisation and governance from a wide range of perspectives. They come from Papua New Guinea, Solomon Islands, Hawai'i, the Federated States of Micronesia, Samoa, Fiji, New Zealand and Jamaica as well as Australia."--Publisher's description.
Book Synopsis Strategy for Fintech Applications in the Pacific Island Countries by : Sonja Davidovic
Download or read book Strategy for Fintech Applications in the Pacific Island Countries written by Sonja Davidovic and published by International Monetary Fund. This book was released on 2019-08-22 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bali Fintech Agenda highlights 12 principles for policymakers to consider when formulating their approaches to new financial technology (fintech). The agenda aims to harness the potential of fintech while managing associated risks. This paper looks at how some elements of the Bali Fintech Agenda could be used in Pacific island countries, which face significant financial-structural challenges.
Book Synopsis The China Alternative by : Graeme Smith
Download or read book The China Alternative written by Graeme Smith and published by ANU Press. This book was released on 2021-03-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection, 17 leading scholars based in Solomon Islands, Fiji, Papua New Guinea, Timor-Leste, Australia, New Zealand, the United States and China analyse key dimensions of the changing relationship between China and the Pacific Islands and explore the strategic, economic and diplomatic implications for regional actors. The China Alternative includes chapters on growing great power competition in the region, as well as the response to China’s rise by the US and its Western allies and the island countries themselves. Other chapters examine key dimensions of China’s Pacific engagement, including Beijing’s programs of aid and diplomacy, as well as the massive investments of the Belt and Road Initiative. The impact of China’s rivalry for recognition with Taiwan is examined, and several chapters analyse Chinese communities in the Pacific, and their relationships with local societies. The China Alternative provides ample material for informed judgements about the ability of island leaders to maintain their agency in the changing regional order, as well as other issues of significance to the peoples of the region. ‘China’s “discovery” of the diverse Pacific islands, intriguingly resonant of the era of European explorers, is impacting on this too-long-overlooked region through multiple currents that this important book guides us through.’ —Rowan Callick, Griffith University ‘The China Alternative is a must-read for all students and practitioners interested in understanding the new geopolitics of the Pacific. It assembles a stellar cast of Pacific scholars to deeply explore the impact of the changing role of China on the Pacific islands region. Significantly, it also puts the Pacific island states at the centre of this analysis by questioning the collective agency they might have in this rapidly evolving strategic context.’ —Greg Fry, The Australian National University
Book Synopsis Issues in Monetary and Fiscal Policy in Small Developing States by : T. K. Jayaraman
Download or read book Issues in Monetary and Fiscal Policy in Small Developing States written by T. K. Jayaraman and published by . This book was released on 2011 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines how monetary and fiscal policies are implemented in Pacific small states and suggests policy options that can be used by these countries.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1484346173 Total Pages :25 pages Book Rating :4.4/5 (843 download)
Book Synopsis Solomon Islands by : International Monetary Fund. Asia and Pacific Dept
Download or read book Solomon Islands written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2018-03-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper sets out options to demonstrate how the authorities could supplement their cash balance target and public debt limit with an anchor to help discipline annual budget decisions. The paper introduces the current fiscal framework and effective fiscal rules based on international experiences, including the characteristics of each rule. It also discusses the need for a new fiscal anchor, given high revenue volatility, high infrastructure needs, and the country’s exposure and vulnerability to natural disasters. Contingency warrants for unforeseen expenditures, including from natural disasters, should be included in the budget in line with international best practices. Furthermore, if a disaster does not occur, this allocation could be saved in a contingency fund for natural disasters, which would enable swift disbursement in the aftermath of the disaster. The fund would be set up once fiscal buffers have been rebuilt. The IMF Staff suggests a target for the overall fiscal deficit of 1.5 percent of gross domestic product as a possible fiscal anchor, which would strike a balance between safeguarding debt sustainability and addressing the severe infrastructure gap.
Book Synopsis Reforms in the Pacific by : Bruce Knapman
Download or read book Reforms in the Pacific written by Bruce Knapman and published by Australian Geographic. This book was released on 1999 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the results of an assessment of Bank assistance to reform efforts in six Pacific Developing Member Countries (PDMCs). The assessment was undertaken at the request of the Board of Directors of the Bank. As the bank has transformed itself from being primarily a project lender to being a broad-based development institutions, a wave of economic, public sector and governance reform has broken on most PDMC shores.
Book Synopsis The Political Economy of Economic Reform in the Pacific by : Ronald C. Duncan
Download or read book The Political Economy of Economic Reform in the Pacific written by Ronald C. Duncan and published by . This book was released on 2011 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This collection of studies on the political economy of Pacific island countries was authored by writers from various disciplinary backgrounds. Their research confirms the results of political economy studies of economic reform in developing countries from elsewhere around the world and shines new light on the kinds of obstacles that have to be overcome for economic reform to be successful in the Pacific. This publication presents many valuable lessons for agencies assisting in the economic development of Pacific island countries"--Publisher's website.
Book Synopsis Education in Pacific Island States by : Victor Levine
Download or read book Education in Pacific Island States written by Victor Levine and published by Pacific Islands Policy. This book was released on 2013 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Victor Levine asks a fundamental question of increasing importance to a globalizing region: How can Pacific Island states provide decent public education to their children? Based on broad international experience, he examines the evidence regarding what does and does not work in public education. While the literature suggests numerous instances of declining quality in Pacific public-education systems, Levine finds some basis for optimism about what is possible. The underlying causes for generally declining standards do not point to a single factor. And additional funding is not necessarily the answer. Island countries generally spend considerably more per pupil on education and attain markedly poorer results, compared to countries in other regions with similar economic conditions. Outside support in terms of grants and personnel has not necessarily brought about the desired results. Rather than proposing a silver bullet or "grand remedy," Levine suggests several more-modest options that policymakers may want to consider for initiating educational reforms. He maintains that the teacher is the single most important factor affecting student outcomes. In the past, many of the grand remedies have not worked because they are remote from the basic problem of ineffective classroom teaching. Based on this assessment, Levine argues for teacher-centered policies, which provide material and nonmaterial incentives to the teaching profession. He urges moving to a system where demonstrating the ability to produce learning gains in children (value added) would be a precondition for continued employment as a teacher. Finally, Levine argues that new teachers probably do not need a formal teaching qualification to do the job that is so crucial for a better future for Pacific Island children.
Book Synopsis Pacific Islands Regional Integration and Governance by : Satish Chand
Download or read book Pacific Islands Regional Integration and Governance written by Satish Chand and published by ANU E Press. This book was released on 2005-11-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brings together experts from around the world to consider specific issues pertaining to regional integration and governance within small states. The authors collectively address the challenges posed to small states by the quickened pace of globalisation. The lessons learnt from the experiences of small states are then used to draw policy lessons for the Pacific island countries.
Book Synopsis Toward a New Pacific Regionalism by : Roman Grynberg
Download or read book Toward a New Pacific Regionalism written by Roman Grynberg and published by . This book was released on 2005 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ADB-Commonwealth Secretariat Joint Report to the Pacific Island Forum Secretariat analyzes issues and possibilities for the new Pacific regionalism in the context of the commitment of Pacific Island Forum leaders to create a Pacific Plan for Strengthening Regional Cooperation and Integration.
Book Synopsis Resilience and Growth in the Small States of the Pacific by : Hoe Ee Khor
Download or read book Resilience and Growth in the Small States of the Pacific written by Hoe Ee Khor and published by International Monetary Fund. This book was released on 2016-08-10 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Regional cooperation and solutions tailored to their unique challenges, as well as further integration with the Asia and Pacific region will each play a role. With concerted efforts, Pacific island countries can boost potential growth, increase resilience, and improve the welfare of their citizens.
Book Synopsis Pacific Islands Countries Trade Strategies and Agreements Handbook - Strategic Information and Basic Agreements by : IBP, Inc.
Download or read book Pacific Islands Countries Trade Strategies and Agreements Handbook - Strategic Information and Basic Agreements written by IBP, Inc. and published by Lulu.com. This book was released on 2016-03-21 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific Island Countries Trade Agreement Handbook
Book Synopsis The Contribution of Fisheries to the Economies of Pacific Island Countries by : R. D. Gillett
Download or read book The Contribution of Fisheries to the Economies of Pacific Island Countries written by R. D. Gillett and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fish, fishing, and fisheries--the various products, the trade, and the industry--all benefit the people and economies of the Pacific in a variety of ways, but the full value of these benefits is not reflected in the region's statistics. The research summarized in this report reaffirms the importance of this sector to the economies and societies of the Pacific island countries.
Book Synopsis Financial Sector Development in Pacific Island Economies: Country reports by : Marian E. Bond
Download or read book Financial Sector Development in Pacific Island Economies: Country reports written by Marian E. Bond and published by . This book was released on 2001 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 1 assesses the state of financial sector development in seven of the 12 Pacific developing member countries of the Asian Development Bank (ADB). It consolidates the findings of individual country reports on the Fiji Islands, Kiribati, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu, and recommends strategies for developing sound financial systems in the areas of macroeconomic policy, banking systems, nonbank financial institutions, financial markets, microfinance, and land tenure systems. Volume 2 specifically analyzes the attempts by Pacific developing member countries' governments to strengthen and develop their financial systems in order to promote economic development. They emanate from a regional technical assistance project that had the objective of formulating strategies for financial sector development, which would be the basis of a policy dialogue between the governments and ADB. Recommendations are of special relevance to the operations and management of central banks.
Book Synopsis A Single Currency for Pacific Islands by : T. K. Jayaraman
Download or read book A Single Currency for Pacific Islands written by T. K. Jayaraman and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional integration has been the goal of Pacific Islands Forum, an intergovernmental organisation, ever since its inception in 1971. The Forum comprises the 14 Pacific island countries and the region's two advanced countries, Australia and New Zealand. The birth of a common currency, the Euro in 1999 in Europe for the initial 11 members, country Eurozone inspired the leaders to renew their efforts towards creating a single economic space for the region. A common currency for the region was proposed by the Australian Senate Committee on Foreign Affairs, Defence and Trade. This book examines the feasibility of a common currency from various angles including the well known optimum currency area criteria point of view.
