Issues in monetary and fiscal policy in small developing states : a case study of the Pacific / T.K. Jayaraman and Paresh Narayan.

Includes bibliographical references.

1. Monetary Policy Transmission Mechanisms in Pacific Island Countries / T.K. Jayaraman -- 1.1. Background -- Pacific island countries and their vulnerability to exogenous shocks -- PICs and fixed exchange rate regimes -- Fixed exchange rate regimes and role of monetary policy -- Floating exchange rate regime and monetary policy in PNG -- Key issues -- Lessons learned -- 1.2. Policy strategies -- Monetary policy strategies -- Targets -- Instruments -- Monetary policy developments in PICs -- Assessment of monetary policy implementation in PICs -- Conclusions -- 1.3. Empirical evidence in Pacific island countries -- Fiji -- Samoa -- Solomon Islands -- Vanuatu -- Conclusions -- 1.4. Financial sectors in PICS -- Fiji -- Samoa -- Solomon Islands -- Tonga -- Vanuatu -- 2. Fiscal Policy Frameworks in Pacific Island Countries / Paresh Narayan -- 2.1. Introduction -- 2.2. Key issues and lessons learned -- 2.3. Fiscal policy strategies in the PICs.