Vanuatu: Background Paper

August 26, 1996

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Format: Chicago

Vanuatu: Background Paper, (USA: International Monetary Fund, 1996) accessed December 23, 2024

Summary

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.

Subject: Asset and liability management, Bank deposits, Banking, Central bank bills, Central banks, Deposit rates, Excess liquidity, Financial services, Liquidity, Securities

Keywords: Balance sheet, Bank deposits, Broad money, Central bank bills, Central bank profit, Central bank securities, CR, Deposit rates, Deposit-credit gap, Excess liquidity, Excess liquidity, Foreign currency, ISCR, Liquid asset ratio, Liquidity, Money bank, Operating income, Pacific Islands

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/076
Stock No:

1VUTEA0021996
ISBN:

9781451840513
ISSN:

1934-7685

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