Resilience and growth in the small states of the Pacific / editors: Hoe Ee Khor, Roger P. Kronenberg and Patrizia Tumbarello.

Print version record.

Cover; Contents; Foreword; Preface; Acknowledgments; Contributors; Part I: Setting the Stage: The Quest for Resilience and Growth in the Pacific Islands; 1 Economic Growth in the Pacific Island Countries-Challenges, Constraints, and Policy Responses; 2 Raising Potential Growth and Enhancing Resilience to Shocks; 3 Building Resilience in the Pacific Island Countries; 4 The Pacific Speed of Growth: How Fast Can It Be and What Determines It?; 5 Strengthening Macro-Fiscal Resilience to Natural Disasters and Climate Change in the Small States of the Pacific.

Part II: Managing External Spillovers, Shocks, and Vulnerabilities6 Global and Regional Spillovers to Pacific Island Countries; 7 Major Economic Shocks and Pacific Island Countries during the Global Economic Crisis; 8 Drivers of Inflation in the Pacific Island Countries; 9 Vulnerabilities of Isolated Small Island States in the Pacific; Part III: Tailoring Macroeconomic Policies to the Small States of the Pacific; 10 Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States.

11 Estimating Fiscal Multipliers Using a Simplified General Equilibrium Model of Small States, with Application to Kiribati and Palau12 Monetary Policy Transmission Mechanisms in Pacific Island Countries; 13 Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through; 14 The Role of Excess Liquidity and Interest Rate Pass-Through for the Monetary Transmission Mechanism in the Pacific; Part IV: Removing Structural Impediments to Growth; 15 Planning Public Financial Management Reforms in Pacific Island Countries.

16 Pacific Island Countries: Trade Integration in a Changing Global Economy17 Determinants of Interest Rate Spreads in the Solomon Islands; 18 Interest Rates, Bank Profitability, and Capital Adequacy in the South Pacific; Appendix 1 Fiji; Appendix 2 Kiribati; Appendix 3 Marshall Islands; Appendix 4 Micronesia; Appendix 5 Palau; Appendix 6 Papua New Guinea; Appendix 7 Samoa; Appendix 8 The Solomon Islands; Appendix 9 Timor-Leste; Appendix 10 Tonga; Appendix 11 Tuvalu; Appendix 12 Vanuatu; Index.

Includes bibliographical references and index.

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.

Text in English.

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